With more than a decade of history, blockchain and cryptocurrencies are finally beginning to get the recognition they deserve from financial institutions and governments. However, one thing that has affected its adoption speed is a general perception surrounding cryptocurrencies.

Today, people and institutions do not see digital assets like cryptocurrencies that can be used in daily lives, but rather as a means of investment through long-term holding or generating profits through short-term trading. WEIcrypto is a digital financial platform that is on a mission to bring the original application of cryptos back to the masses.

WEI: Empowering Users

Powering the complete WEIcrypto economy is its native WEI coin. All transactions done within the ecosystem are powered through the WEI coin. The coin allows for payments to other users, merchants and even secure loans. The coin can also be used to make instant and anonymous transactions using  InstantSend and PrivateSend options.

Using a combination of different mining methods, the coin requires no expensive setup and is environmentally friendly too. The WEIback allows users to earn WEI with every transaction, both receiving and sending. At the same time, the Proof of Service algorithm allows users to participate in minder rewards distribution, ensuring that the right amount is sent to the right wallets

WEIpay

In the digital world of today, nearly every quality bank offers online access to its suite of services, especially through mobile banking. There is no need to visit a bank branch to send or receive money or any other task. WEIpay offers the same solution, but only at the blockchain wallets’ end. The complete transaction conduction is done on-chain, allowing for several benefits.

Unlike other crypto wallets that require senders to enter an extremely long sequence of recipient wallet addresses, WEIpay users can send funds to family, friends and other users through other means too. Each sender can transfer funds by scanning the receiver's QR code or simply entering the mobile number. This makes WEIpay the most frictionless and smoothest form of payment transfer in the industry.

WEIpay can also be used for purchases at merchant points where WEI is accepted. Simply connect your WEIpay app to the WEIpay clearing service, scan the QR code or the unique merchant ID and pay.

WEIpartner: Interest-Free Loans

WEIpartner is a loan facility offered by WEIcrypto that roots itself in DeFi to offer an interest-free loan service with minimal entry barriers in terms of finances and collateral requirements. Obtaining a loan  is a fairly simple 4 step process

• Company Registration

For any loan, the applicant organization must first register on WEIcrypto, entering basic information about the endeavor either through the web or the mobile app.

• Documentation

All necessary documents on the loan, for example, the business venture, pitch deck, the projected finances, market value etc. must be submitted. These are for masternodes - the blockchain nodes that ensure the operation of internal WEIcrypto services.

• Deposit Collateral

Unlike other loan facilities that have a very high LTV, you need to only deposit 30% of the requested amount as collateral. The deposit is an insurance in case the project doesn’t achieve the goals for which the loan was taken.

• The Final Vote

All masternodes vote on the project. If the project gets a green light, the complete requested amount is deposited in one go. If the project is not passed, the deposit is returned.

But What Differs?

WEIcrypto puts the word currency back in crypto. WEIcrypto offers unique solutions that have no analogues both in the crypto and traditional financial spheres. WEIcrypto creates not only convenient , but also profitable conditions to use decentralized finance and cryptocurrency in everyday life.

While these services may seem like any other offering by a bank, there are fundamental differences that set WEIcrypto apart.

The WEI blockchain offers a faster and much more secure method. Unlike other networks such as VISA and Mastercard, the transaction is completed in just a second. Furthermore, the transaction cost is less than a cent, making WEIcrypto extremely affordable.

And it’s not just the transactions, but the loan facility has its advantages too. There is practically no interest! All you need is a solid business plan and deposit 30% of the loan request as redeemable collateral.