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Wallex: Blockchain technology to transform digital banking globally

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It is critical to evolve in a world that is moving at such a quick pace. Evolution is vital not only for humans but also for the industry to keep up with the times. Tech is enhancing the age-old operating processes of various sectors in the present era.

Some businesses, such as banks, stock exchanges, and insurance, are already using blockchain to increase the efficiency of their operations.

Full adoption of blockchain technology in the finance sector can change many things. For instance, consumers and financial institutions face numerous obstacles and challenges when transferring money to other countries. People move billions of dollars worldwide every year, and the procedure is frequently costly, time-consuming, and error-prone.

All of that can change with blockchain. For example, many large banks have used blockchain technology for international payments, saving time and money. Consumers can also use blockchain money transfers to perform electronic transactions with their mobile devices, bypassing the time-consuming practice of visiting a money transfer facility, waiting in line, and paying transaction fees.

Blockchain can also reduce the cost of financial transactions drastically, eliminating the need for numerous intermediaries.

All-in-one solution for digital banking

Imagine a one-stop-shop for all digital banking solutions globally. That is exactly what Wallex brings to the table. The Wallex infrastructure is built to give the new financial digital economy rails and provide millions of users the bridge to the blockchain.

Wallex provides financial solutions that are compliant, regulated, and secure, allowing them to benefit from the digital transformation. However, regulators regulate us, and we are subject to the same capital requirements and audits as traditional financial institutions.

Technical infrastructure for fintech

Wallex’s main competitive advantage in the fintech market is its extensive technological infrastructure: the company operates over ten different platforms and solutions.

Wallex provides powerful engines for fintech organizations that are ready and available to provide the rails for fintech businesses to reach the digital asset management area quickly and securely.

Time to market is critical for every organization nowadays. Wallex provides technological means, combined with consultation and advice on how to obtain the best financial result or which SPV is most appropriate to use to reach the maximum result, in a cost-effective and timely manner, particularly in the financial field where building the proper structure takes a significant amount of time, resources, and effort.

Top tier security for all

One of the most significant aspects of Wallex is the security standard. As a result, Wallex is presently pursuing a SOC 2 certificate (System and Organization Controls 2), a form of the audit report that certifies a service organization’s ability to provide trustworthy services. The Wallex team is also working toward ISO certification.

They also have strong protocols and a monitoring method in place. Their security suppliers are chosen based on their high-security standards. To maintain the same or greater security standards, Wallex examines all of its external providers. Wallex also employs additional security precautions such as 2FA, SMS authentication, and Face ID to protect users.

Multi-fiat and multi-cryptocurrency transactions

Wallex runs a Neobanking system, a next-generation banking platform that offers multi-fiat currency and multi-cryptocurrency accounts and the ability to spend crypto with your card.

In addition, Wallex is a secure and compliant infrastructure that allows you to obtain easy and rapid access to your payments, cryptocurrencies, and interest in your crypto or cash. Everything you’ll need to achieve financial independence.

In addition, they offer rewards and staking programs to help you grow your fortune.

It’s simple to store, exchange, and send fiat and crypto transfers with the Neobanking platform. 

More developments on the horizon

Wallex is working relentlessly to extend its global presence, start an institutional program, and establish itself as a commercial trust for digital currencies, providing large-scale stablecoin services to aid broad adoption.

To learn more about the Wallex ecosystem, Visit the following links.

Disclaimer: This is a paid post and should not be treated as news/advice.

With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.

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Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.