Against the backdrop of economic globalization, the frequency of cross-border transactions is increasing, and the "two-way" challenges of cross-border payments are becoming more prominent.
The current challenges in cross-border payments can be summarized as slow payment/settlement speeds, lack of transparency, and high costs. These three issues are the primary challenges faced by all cross-border payments worldwide and are the main reasons for the slow and inefficient cross-border payment systems.
As a financial group with years of experience in currency exchange, W8 aims to overcome the obstacles in cross-border trade and commerce through digital technology and blockchain technology, primarily addressing the following issues.
It involves the handling of information flow and fund flow, with specific processes that may vary depending on the trade model and payment method.
In addition to factors like time zone differences causing inconsistent system operating hours and the need for manual approval at certain nodes, cross-border payment speeds are further slowed down.
Compared to traditional multi-step payment processes, the W8 payment network completes transactions in just three steps, bypassing the need for review and forwarding through payment gateways, various banks, card processors, and cardholder accounts. Merchants can instantly receive encrypted digital currency by scanning a W8 payment card, and then convert the received digital currency into any desired currency, eventually cashing out to obtain fiat currency.
As businesses continuously seek expansion strategies, reducing costs, and achieving seamless payments through interoperability have become key demands for conducting cross-border operations. In the future, cross-border payments will increasingly focus on the integration of global payment systems. Payment systems in different countries and regions will gradually achieve connectivity, making cross-border payments more convenient and efficient.
The integration of global payment systems will also bring more development opportunities for W8's encrypted cross-border payments.
This model features a decentralized governance structure, eliminating the intermediary steps of traditional models involving intermediary banks, which can significantly reduce transaction costs.
W8 provides cross-border payment infrastructure, offering significant benefits to smaller countries with weaker economic fundamentals and underdeveloped financial systems.
W8 is based on three principles: no loss, compliance, and interoperability. Its system design offers a practical way for financially underdeveloped countries to fairly participate in international trade and access efficient financial infrastructure.
The W8 blockchain payment network solution does not build a cryptocurrency acceptance system on top of existing multi-layer networks. Instead, it creates an entirely new network designed to address the needs of both merchants and consumers.
The underlying logic of the W8 payment network framework is to prioritize the consumer experience. However, it is important to understand that while serving consumers, our network must also meet the needs of other merchants and registered users.
The W8 payment network will support local compliance requirements and data protection regulations in various countries and will seek to adhere to financial institution oversight to ensure security.
The W8 payment network employs an open-source end-to-end encryption design to prevent man-in-the-middle attacks and other forms of surveillance or tampering.
Developers can integrate their wallets or facilitate cryptocurrency transactions without needing special permissions.
W8 does not require proprietary licenses or gateways, allowing developers to integrate their wallets or facilitate cryptocurrency transactions seamlessly.
W8 Coin is part of the next-generation encrypted cross-border payment business network designed to address inefficiencies in current international payment systems dominated by traditional banks and financial institutions.
| Token Symbol | WIRE.IO |
| Token Sale Start | 3 July 2024 |
| Token Sale End | 28 October 2024 |
| Tokens for sale | 100,500,000 |
| Specifications | ICOX token |
| Max circulating supply | 175,500,000 |
| Sale duration | 10 days |
| Smart Contract | 0x1912575a0803bDF293389D3a0272dC36640064ef |
The company's founding certainly owes much to the key figures who lead it towards greatness.
Successfully led several blockchain innovation projects, propelling the company to become a leader in the industry.
Primarily provide professional guidance to the Wire Group on blockchain technology applications, product innovation, and emerging market strategies.
Enhance the company's brand awareness in the market through innovative marketing campaigns and strategies.
Increase the company's brand awareness through innovative marketing campaigns and strategies.
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