1/ I will only cover points from the AMA that interest me:
- WadzPay 2.0
- USDC Algorand
- WadzPayChain (WPC)
- Geographical Markets
- WadzPay Offices
2/ WadzPay 2.0
It is technology enhancements that allows better settlement, consumer experience, seamless flow of funds, tokenisation etc.
It is a combination of different layers which is WadzPay and their strategic partners such as Algorand, USDC and others. ( $XDC is a partner)
3/ WadzPay 2.0 is already live on the mainframe but will be live for customers within Q1 2023.
4/ Geidea: Making payments easier for the millions of pilgrim visitors to Saudi Arabia wadzpay.com/wadzpay-and-ge…
Dubai Duty Free: Ability to use digital currency across all duty free shops in Dubai International Airport and AI Maktoum International Airport. dubaidutyfree.com/ComingSoonDCA
5/ $USDC Algorand:
WadzPay's strong relationship with @Algorand USDC removes UNLICENCED on/off ramps from the ecosystem enabling WadzPay to work with licenced players. #USDC, #USDT, fiat will be the settlement means back to the customers.
This is part of WadzPay2.0 🫡
$WTK
6/ WadzPayChain (WPC)
In development and to be released around Q3 2023 to function alongside WadzPay 2.0
7/ WPC is developed in close association with @WadzPay strategic L1 partners like #Algorand.
WPC is not a competition to other L1s because its use case is specific to payments that broadens the scope of WadzPay 2.0 and helps with the backend for customer settlements etc.
8/ Geographic markets
- #Asia continues to be the biggest market for WadzPay.
- In process of setting up #European operations in the Netherlands.
- Africa operation scaling up - new hire in Cameroon will take care of central #Africa.
9/
- North and South America are being looked by the team.
- WadzPay about to close a large deal in the Indo-China region giving them access to Vietnam, Thailand, Laos and others.
- Wadzpay intends to go global this year (2023).
$WTK
10/ Offices
Physical offices are located in Singapore, Dubai, Delhi, Hyderabad, and Johannesburg.
Other locations use co-working spaces like #wework
11/ Bonus
Community questions about metaverse and WadzPay exchange were asked. The answer being - it is not a priority now. The team will wait for regulatory clarity and sufficient market demand before moving forward with such products. @Anish_tweeets@WadzPay@fa299
12/ POV
I like how @Anish_tweeets is focused on regulatory clarity and moving forward with the right product as demanded by the market. The company is not interested in releasing products across multiple verticals just for the sake of doing so.
I enjoyed this AMA.
$WTK
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0/ "Refunds" are a must-have feature for any payment processor. Unfortunately, the process can be long and tedious when you have to request them from merchants.
But, what about @WadzPay? How do they handle refunds?
1/ Refunds seem simple: return the product & get your money back right?
But, what about taxes like VAT or GST on your invoice? What if you need a refund a year later when tax rates have changed? What happens when you want a refund for one item out of the ten purchased? 😲
$WTK
2/ @Anish_tweeets said it wasn't an easy process to get this feature added. It is quite a complex one as you can imagine because of the various other charges attached to the prices of a product on an invoice.
1/ To get the masses on board with #blockchain, we need practical use-cases. This is where Anish's payment expertise comes in.
The @geidea pilgrim program & @DubaiDutyFree program lead the way as first-of-their-kind examples.
$WTK
2/ One of the main themes around @WadzPay is INTER-OPERABILITY.
“The beauty of the WadzPay ecosystem is it connects not just into one bank or one market. It’s a global system, which then gives access to different markets as well.” - @Anish_tweeets
2/ @WadzPay using $XDC technology means faster transaction speeds, negligible gas fees, military-grade security, along with XinFin’s focus on providing applications for trade finance and remittances.
This partnership enables $WTK solve interoperability issues. @Anish_tweeets
0/ We know that @jumio tech has been integrated by @WadzPay.
.
I dove into Jumio and this is what I found...
.
Did you know that Jumio was the first ever to invent the verification method of using a government-issued ID paired with a corroborating selfie? 😲
.
It's guaranteed that you've used @jumio services for KYC at some point be it on a crypto exchange or passport verification or something along those lines.
(Video taken from Jumio website)
$WTK $XDC
2/ Jumio uses informed AI + machine learning to build the next generation of online identity verification and AML technologies to service over 10 industry sectors.
It is used for KYC/AML compliance, fraud detection, biometric authentication etc.
Kromatika's FELO (Fees Earning Limit Orders) are an innovative approach to limit orders in the #Ethereum Ecosystem.
🧵👇
1/ What are limit orders though?
It is a direction to buy/sell an asset at a specified price. This allows traders to exercise better control of the prices at which they trade avoiding volatility.
A limit can be placed either as a buy or a sell order.
2/11
Limit trades have been missing from #DEX protocols. They are a staple in traditional finance, also appearing on #CEX like #Binance or #coinbase.
Range orders on #uniswap are not the same as limit trades.