Wexo is dedicated to making cryptocurrency a part of everyday life by offering innovative solutions like Lightning Network-supported instant transfers, traditional debit card transactions, and a Bitcoin acceptance map.
Bitcoin (BTC) has a total market value of over $1 trillion, solidifying its status as a significant digital asset. Despite this, mainstream adoption as a widely accepted payment method remains a challenge.
According to Federal Reserve reports, only 1% of Americans used crypto for purchases in 2023, and less than 2% of BTC transactions in 2023 were used for commerce.
In an effort to bridge the gap between crypto and traditional finance (TradFi), Wexo is a platform dedicated to connecting businesses and individuals, providing 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.
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.
To simplify digital asset management, Wexo offers features like Crypto Standing Instructions, allowing users to schedule recurring payments and streamline regular transactions. 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 is also launching an e-SIM program that allows users to order local mobile data packages while traveling, aiming to meet travelers’ needs and make Bitcoin a global currency.
After integrating digital assets with traditional finance, Wexo is preparing the infrastructure for various loyalty programs, such as Bitcoin Cashback. The platform also plans to launch a global gift card program that will allow users to spend their crypto at major retailers.
Moreover, Wexo aims to educate the younger generation about crypto and financial habits with the Wexo Kids app. The company’s long-term goals include reaching 10,000 acceptance points by 2025 and 50 million active users by 2028.
In summary, projects like Wexo are driving the integration of crypto into everyday transactions, paving the way for digital assets to become as common as traditional finance models.