Charlestown, Saint Kitts and Nevis, Jan. 13, 2025 – WeFi, the trailblazing financial technology company, has unveiled the world’s first Deobank (Decentralized Onchain Bank), setting a new benchmark in the evolution of digital banking. By leveraging blockchain technology, WeFi aims to democratize wealth, simplify global financial transactions, and provide greater financial freedom for billions, including the 1.4 billion unbanked individuals worldwide.
“Neobanks started the journey toward digital transformation, but they fell short of solving the systemic problems in traditional finance,” said Maksym Sakharov, Group CEO at WeFi. “At WeFi, our motto is “Making Wealth a Universal Right” as we believe it should not be a privilege. Deobanks are the logical next step in this journey, combining blockchain’s transparency, security, and efficiency with innovative features that put users back in control.”
A revolutionary approach to banking
WeFi’s Deobank model addresses the shortcomings of Neobanks by offering:
- True financial control: Through non-custodial options, customers retain full ownership of their funds, protected by smart contracts that enable real-world spending without compromising control.
- Increased transparency: Unlike traditional banks, Deobanks operate entirely on blockchain, offering a transparent view of banking operations without compromising user privacy.
- Sustainability: WeFi eliminates the need for plastic bank cards by focusing on digital payment methods like QR codes, Apple Pay and Google Pay, reducing environmental waste.
- Access to wealth-building tools: WeFi enables users to leverage decentralized finance (DeFi) services, including staking, liquidity pools, and more, to create meaningful financial growth opportunities.
- Lower fees, faster transactions: By leveraging stablecoins and blockchain technology, WeFi significantly reduces cross-border transaction costs and eliminates delays caused by legacy banking systems.
Tackling blockchain interoperability and scaling
WeFi is at the forefront of decentralized finance innovation, addressing critical challenges in blockchain interoperability and scalability. Through its integration with LayerZero, a cross-chain solution, WeFi enables seamless communication across blockchain ecosystems. This unification of liquidity pools simplifies asset transfers and enhances the overall user experience. Furthermore, the launch of its native omnichain token, $WFI, supports operations across multiple platforms without requiring complex processes, reinforcing WeFi’s commitment to efficiency and accessibility.
Empowering the Unbanked
WeFi’s Deobank is committed to breaking barriers for underserved populations. Utilizing advanced AI and blockchain, the company streamlines Know Your Customer (KYC) processes to make financial services accessible to those excluded by traditional banks.
Additionally, the decentralized infrastructure ensures that users can engage in the global economy on their terms.
Native token rewards
WeFi’s native token, WFI, offers customers unique incentives, such as fee rebates, higher spending limits, and access to exclusive DeFi tools. By aligning user interests with the success of the platform, WeFi creates a banking ecosystem that truly prioritizes its community.
About WeFi
WeFi is a pioneering global blockchain ecosystem and intelligent data platform dedicated to transforming finance through the integration of AI and blockchain technology. Focused on building a more inclusive and accessible financial system, WeFi leverages AI-driven nodes to analyze transactional patterns, proactively prevent financial crime, and deliver transparency, interoperability, and real-time insights to the global finance and fintech sectors.
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Making wealth a universal right