RichCulture Profile picture
Mar 10, 2023 9 tweets 7 min read Read on X
0/ @WadzPay CEO @Anish_tweeets with more than 15 years at @Mastercard & @AmericanExpress featured on @pymnts talking about interoperability powering #blockchain adoption.

pymnts.com/blockchain/202…

$WTK $XDC #WTK #XDCNetwork #XDC
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 Image
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.

$WTK #SIBOS
8/ POV:
The team and tech is definitely on point for me. I will be following @WadzPay closely and I am personally excited about this one. 🫡

Please #DYOR. None of this is financial advice.⚠️

$WTK

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More from @residualbitcoin

Mar 26, 2023
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?

$WTK @Anish_tweeets $ALGO $XDC
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.
Read 15 tweets
Feb 22, 2023
0/ Interesting times ahead for @WadzPay. These points have been extracted from the latest AMA with @Anish_tweeets today.

Recording:

$WTK $XDC $ALGO $USDC #USDC
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)
Read 13 tweets
Feb 18, 2023
0/ Is @WadzPay serious about their market offering?
.
Answer this question yourself after researching on the points mentioned below:

$WTK $XDC $QNT #XDCNetwork #XDC #WTK
1/ $WTK - originally an #ERC20 token - is also available as a XRC20 token which means they've partnered with @XinFin_Official aka #XDC Network.

cointelegraph.com/press-releases…
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
Read 10 tweets
Feb 17, 2023
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? 😲
.

$WTK #KYC #AI Image
1/ @Microsoft & @Oracle are amongst Jumio's 51 partners.
jumio.com/partner-progra…

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.

jumio.com/industries/

$WTK
Read 7 tweets
Feb 14, 2023
0/ (Long Thread Alert)

Kromatika's FELO (Fees Earning Limit Orders) are an innovative approach to limit orders in the #Ethereum Ecosystem.

🧵👇 Image
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.

$KROM #DEX #DeFi
2/ Limit orders on DEXes:

A lot of DEXes that offer limit order are not fully decentralized but rather centralized as they rely on market makers to process its limit orders.

It is quite complicated to make a decentralized limit order hence they depend on market makers for this.
Read 14 tweets
May 8, 2022
1/11
The pain of a #DEX trader = frontrunning BOTs that steal you of great value trades, slippage and swap fees.

The value for money and ease of trade trading on #Binance or #Coinbase is missed on a DEX.

Until @KromatikaFi .. shutterstock,com person sho...
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.

Limit orders on #1inch are slow to get filled.

Until @KromatikaFi .. Motley Fool image explainin...
3/11
This is what prompted the devs of @KromatikaFi to create a product that tackles every one of these problems with ease.

Now you get BOT protection, no slippage, no swap fees and the orders are filled quickly via @chainlink keepers and utilizing @Uniswap liquidity. ten-steps-to-developing-you...
Read 19 tweets

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