Weld Money, a fintech company based in Ukraine, has just recently released its ground-breaking cryptocurrency payment solution, known as the Weld Card. Anyone will be able to use the card to make regular purchases for products and services directly from their cryptocurrency wallets utilizing systems like Google Pay and Apple Pay. Weld Money’s Weld Card is the first crypto card that connects consumers to several crypto exchanges. In Eastern Europe, it is the first of its sort. The Weld Card may be obtained in a matter of minutes and provides a one-of-a-kind option for crypto holders seeking a means to utilize their holdings in everyday life fully.
Weld Money has recently made an announcement on its next move into the mainstream cryptocurrency industry. This comes after the company received positive feedback at two conferences, namely Money of the Future in Ukraine and Money20/20 Europe in the Netherlands. Weld Money’s objective is to build a bridge between the crypto and conventional financial systems. The Weld Money community will have access to a trusted payment solution that will have several of the features of normal cryptocurrency wallets as well as an added benefit. Weld Money enables its customers to pay for coffee, gas, groceries, etc., with cryptocurrency.
Weld Money Connects The Traditional And Crypto World
Weld Money not only enables users to conduct transactions in the native token, but it also integrates exchanges and wallets such as Kraken, Bitcoin, Tether (USDT), Ethereum, and Coinbase, among others. This connects the wallet to additional payment methods such as Apple Pay, Visa, Trade, and so on. Users can also engage in online transactions or utilize cryptocurrency as fiat currency for shopping, dining, etc. When a user begins a payment, the Weld wallet blocks the amount due and launches a payment process with an overdraft from the bank. Upon completion of the transaction, the overdraft amount is transferred to the bank via the Weld wallet.
Using the Weld wallet for these transactions is tax-free, and it provides users with a handy method for using their cryptocurrency balance. Thus, the Weld wallet supports up to 70% of the market for crypto trading. The Weld wallet is designed to eliminate the need for other financial applications. In addition to displaying the wallet balance, it also displays the account and card balances and any outstanding loans or insurance premiums. The same wallet stores the transaction history and permits transaction management. Weld Money is simple and cost-effective to use. Moreover, there are no hidden fees. The solution is PCI DSS certified and makes everything straightforward, secure, and visible.
Value Addition Created by Weld Money And Tokens
In addition to the conventional functions associated with a crypto token, the Weld token includes a number of unique characteristics. The users will pay a reduced price and see their card limits gradually increase. In the future, there will be additional Insurance, Credit, and Deposit products and options. In addition, Weld Money has connected with Bitfury’s Crypto 6AMLD service. Under this framework, every crypto token is assessed for risk levels, client exposure, and other factors.
In light of this, Weld Money is one of the first platforms to allow connectivity that is completely frictionless between the worlds of cryptocurrencies and fiat currencies. With Weld Wallet downloaded on the user’s device and access to the Weld Money functionalities, users are able to cross over into any realm, crypto or fiat, without the burden of worrying about extremely high transaction fees and institutional bottlenecks.
