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
$WTK
3/ Anish highlights that interoperability is a two-fold process.
a) WadzPay connects to a bank's mainframe ecosystem, becoming the default blockchain provider. This empowers financial institutions (FIs) to leverage any current or emerging blockchain technology.
$WTK
4/ b) The interoperability enabled by WadzPay is between blockchains. @WadzPay can seamlessly jump between different blockchain protocols and process transactions based on the specific needs of financial institutions or customers. It is not restricted within a blockchain.
$WTK
5/ WadzPay's secret sauce is Atlytica - their cutting-edge infrastructure that connects everyone in the payments industry.
From banks and enterprises to payment processors, merchants, and consumers, all players can integrate easily through simple wallet integrations.
$WTK
6/ Blockchain is definitely an interesting technology and we see much development in this regard. But, they've been functioning as isolated islands in a sense.
With Atlytica, real world adoption is now a reality. We will see this tech live with the pilgrim program and duty free.
7/ Despite being a small cap company, @WadzPay made waves by participating in @Sibos 2022. That's no small feat.
This technology is definitely turning heads - the influential ones if I may add. The big boys seem to be interested in what @WadzPay have to offer.
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/ 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)
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.
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I dove into Jumio and this is what I found...
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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? 😲
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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.