Bitcoin Lightning Network-powered platform to bridge crypto into daily payments

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Bitcoin Lightning Network; Wexo seeks to bring crypto payments into everyday life by offering innovations, including quick transfers powered by the Lightning Network, debit card transactions, and a Bitcoin acceptance map.is close to reaching a total market value of $1 trillion, confirming its importance as a digital asset. It is still difficult to broadly adopt it as a commonly used payment mechanism.

According to projections from the Federal Reserve, in 2023, hardly 1% of Americans made transactions using cryptocurrency. Furthermore, in 2023, less than 2% of BTC transactions were made for business purposes. Crypto initiatives seek to close the gap between cryptocurrency and traditional finance to overcome Bitcoin’s low acceptability in regular payments (TradFi).

Using Cryptocurrency for Daily Transactions

Using Cryptocurrency for Daily Transactions

Wexo is a cryptocurrency platform that links individuals and businesses, providing a range of financial services for efficient digital asset management. Wexo’s ground-breaking features, intuitive design, and secure structure make it easy for anybody, even novices, to navigate and use digital assets.

Wexo has developed an app for businesses to manage transactions via the Bitcoin Lightning Network, allowing for speedy and affordable BTC payments. With the program’s wPOS terminals, businesses can accept Bitcoin payments via a mobile app, eliminating the need for additional equipment that needs to be carried about.

Managing Recurring Payments Easier

However, Wexo simplifies the management of digital assets with services like Crypto Standing Instructions, which allow customers to plan regular payments and speed up frequent transactions. This feature supports fixed-cost Bitcoin payments, bulk payments to many recipients, and transaction alerts. Because Wexo’s wallet service supports SEPA for cross-border transactions inside Europe, users can easily deposit and withdraw fiat money. The Euro Wallet enables easy exchanges between cryptocurrencies and euros.

Also Raed: Top Applications of Blockchain in the Real World 2024

One of Wexo’s biggest features is its global map, which makes it simple for users to identify businesses that accept Bitcoin. Businesses can add to this map by attracting more customers with app-based virtual terminals. The platform also makes it easier for users to acquire digital assets with a few clicks.

Bitcoin Cashback Loyalty Program

Wexo has made significant progress in the Bitcoin Cashback reward model, grating digital assets with TradFi, and is now building the framework for many loyalty programs, including Bitcoin Cashback. However, Through the initiative, business owners can provide discounts to their frequent paying customers’ Bitcoin Lightning wallets in cashback.

Wexo will also provide a global gift card program to let customers spend their cryptocurrency at well-known stores like IKEA, McDonald’s, Amazon, and Apple. With these payment gift cards, users can spend cryptocurrency on regular purchases.

The platform intends to release the Wexo Kids app, which teaches the next generation about cryptocurrency and sound financial practices. Launching liquidity pools and hitting 10,000 acceptance points by 2025 are further goals on the company’s plan. Long-term objectives include

In conclusion, incorporating cryptocurrencies into routine transactions lays the groundwork for digital assets to overtake conventional finance models in popularity. This vision is being advanced by initiatives like Wexo, which remove adoption obstacles and advance our progress toward a globally integrated economy.

Further Information: Cryptocamp