Offering innovations that include Lightning Network-supported instant transfers, transactions with traditional debit cards and a Bitcoin acceptance map, Wexo aims to integrate crypto payment into daily life.
Bitcoin (BTC) is hovering above a total market value of $1 trillion, solidifying its status as a significant digital asset. However, mainstream adoption as a widely accepted payment method remains a challenge.
Federal Reserve reports indicate that only 1% of Americans used crypto for purchases in 2023. Additionally, less than 2% of BTC transactions in 2023 were used for commerce.
To address Bitcoin’s limited acceptance in everyday payments, crypto projects aim to bridge the gap between crypto and traditional finance (TradFi).
Crypto payments in daily life
Wexo is a crypto platform dedicated to connecting businesses and individuals, offering a suite of financial services for efficient digital asset management. With a secure structure, user-friendly interface, and innovative features, Wexo ensures easy navigation and utilization of digital assets, even for newcomers.
wPOS terminals allow clients to make instant and cost-efficient payments. Source: Wexo
Wexo has developed an application tailored for businesses to handle transactions via the Bitcoin Lightning Network — a technology that facilitates instant and low-cost BTC payments. The app features wPOS terminals, allowing businesses to accept crypto payments via a smartphone app and eliminating the need for additional on-site devices.
Simplifying recurring payments
Wexo simplifies digital asset management with features like Crypto Standing Instructions, allowing users to schedule recurring payments and streamline regular transactions. This feature supports fixed-cost crypto payments, bulk payments to multiple recipients, and transaction notifications.
Wexo’s wallet service supports SEPA for cross-border transactions within Europe, enabling users to deposit and withdraw fiat seamlessly. The Euro Wallet facilitates easy crypto/euro exchanges in both directions.
EURO Wallet makes it easy to move funds between fiat and crypto. Source: Wexo
A standout feature of Wexo is its global map, helping users locate businesses that accept BTC. Businesses using app-based virtual terminals can add themselves to this map, attracting new customers.
The platform also supports transactions via regular payment cards, Apple Pay and Google Pay, enabling users to acquire digital assets with just a few clicks. Wexo provides a practical exchange service and fast, easy transactions, even to a phone number.
Focusing on users’ increasing need for seamless connectivity, Wexo is launching an e-SIM program that allows users to order local mobile data packages while traveling. Wexo seeks to meet travelers’ needs and make Bitcoin a global currency.
Bitcoin Cashback loyalty program
After reaching milestones in integrating digital assets with TradFi, Wexo is preparing the infrastructure for various loyalty programs, such as Bitcoin Cashback. The program will allow entrepreneurs to provide discounts in the form of cashback to their regular paying customers’ Bitcoin Lightning wallets.
Wexo will also launch a global gift card program that will allow users to spend their crypto at major retailers such as McDonald’s, Amazon, Apple and IKEA. Users will be able to use crypto for their daily shopping with these payment gift cards.
The platform plans to offer a Wexo Kids app that aims to educate the younger generation about crypto and financial habits. The company’s roadmap also includes launching liquidity pools and reaching 10,000 acceptance points by 2025. Long-term goals involve reaching 50 million active users by 2028.
In summary, integrating crypto into everyday transactions is paving the way for digital assets to become as common as traditional finance models. Projects like Wexo are driving this vision forward, overcoming adoption barriers and bringing us closer to a globally connected economy.
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