WCOIN (WIN) A Very New Breath For Blockchain

WCOIN (WIN) A Very New Breath For Blockchain

By cafoo41 | Cryptocurrency Income | 19 Nov 2019


Before project lets start with token;

Total Supply: 56,642,698.62073188 WIN Contract: 0x899338b84d25ac505a332adce7402d697d947494 Current Price: $0.0316 @ 0.000181 Eth Price Prediction: 9 USD/Token  

Imagine having a wallet in your pocket where all your assets live. Whether it is fiat1, cryptocurrencies or even gold. Imagine being able to transfer funds across borders, instantly and at almost no cost.

Now imagine you’re a bank or financial service provider looking for ways you can participate in the fast-evolving world of crypto-based technology. Imagine accessing a new customer base and opening up new revenue streams.

 

You’ve just envisioned WAWLLET, as we have.

We noticed a tug-of-war between the traditional financial systems and the fastevolving blockchain technology. We wondered why that has to be the case and why both these systems could not leverage the strengths of the other. So, we started looking for ways to bridge this gap and find a solution that would benefit everyone involved - banks, exchanges, financial service providers and individuals. And that was the genesis of WAWLLET, a global network that connects banks, cryptocurrency exchanges and other regulated financial institutions to provide users with a One Stop Service for all their asset-management needs.

Our solution has two critical parts:
A Multi-Asset Wallet and the WAWLLET Platform.

WAWLLET’s multi-asset wallet will be powerful and flexible enough to allow users to manage all their assets from a single mobile or desktop application. The wallet would have different pockets for fiat, cryptocurrency and commodities (like gold) as well as one to facilitate card payments online. This would be a Personal Financial Passport that is recognized, respected and valued by all the entities connected to the WAWLLET network.

The WAWLLET platform would support a global network of banks, exchanges and other financial institutions, bridging the gap between legacy mechanisms and blockchain technology as well as between traditional markets and crypto markets. The platform would enable individuals to interact with banks and financial service providers and conduct transactions in a fast and easy way. While facilitating fast and seamless financial transactions worldwide, WAWLLET will ensure full customer authentication and complete compliance with all the legal aspects of each targeted region.

WAWLLET will have a global platform that securely connects all our partners through new standard APIs. This would create a 100% trusted place for customers to manage all their personal wealth and assets, backed by a robust platform that integrates multiple accounts, facilitates monetary transactions within seconds and ensures completely hassle-free compliance across multiple geographies.

How WAWLLET Works

There are certain strengths in every financial system. Banks have a longstanding reputation. Blockchain technology has proved its mettle in facilitating currency transfers in a safe, swift and transparent way. Similarly, commodity exchanges and payments processing services have streamlined certain transactions. Our aim is not to disrupt any existing institutions, nor do we wish to compete with them. Our objective is to combine and build on the strengths of each of these institutions, while breaking barriers to facilitate the smooth flow of funds. This is what led us to envision a multi-asset wallet that is in full compliance with the laws of every jurisdiction.

Creating a bridge between traditional & new financial systems

WAWLLET brings together the best of the traditional banking system, new crypto and blockchain-based platforms, new and traditional commodity exchanges and online payment processing – all housed under one roof. The vision is to make personal money management completely hassle free, efficient and inexpensive. This vision aims to effectively integrate the multiple accounts that people maintain for different purposes, removing barriers for funds to flow across jurisdictions or between different financial institutions and making compliance easy and super-fast.

The WAWLLET Network

Our aim is to create a network that connects as many banks, cryptocurrency exchanges and other regulated financial institutions as possible, across the globe in order to provide users with a One Stop Service for all their asset-management needs.

When WAWLLET goes live, users will have unified management of all their wealth and assets with a single application and a personal financial passport that is recognized by all the financial institutions that have integrated with the WAWLLET network.

Financial Passport

When setting up a WAWLLET account, users will be asked to follow a KYC (Know Your Customer) procedure for Anti-Money Laundry (AML) purposes. Once this procedure is completed, users will have created their financial passport, which will be recognized across all the financial institutions and service providers that have integrated with the WAWLLET network. Similar to a travelling passport recognized worldwide, the WAWLLET Financial Passport will be valued, respected and trusted across all the entities connected to the WAWLLET network. This is bound to save time and money for all of WAWLLET network members – financial institutions and users.

Seamless, cheap and fast execution

No more time wasting. WAWLLET will process any type of transaction within seconds, whether it’s fiat to fiat, or fiat to crypto, or crypto to fiat, or any type of transaction. All transactions with WAWLLET will be as easy as sending a text message.

No more unjustifiably large fees for transactions. WAWLLET offers a non-tradable fixed-value cryptocurrency to backup any transaction and protect against volatility.

Global Compliance

No more hassles with compliance. WAWLLET will use only licensed service providers in each targeted region. We understand that the banking and financial regulations in each country will be unique. WAWLLET is working with leading legal and accounting firms to map the regulatory regimes and is working closely with local banks and financial institutions to ensure full compliance in each of the targeted regions. We are also taking into consideration all the restrictions and incentives in each region.

This takes massive effort and resources initially, but will streamline compliance and smoothen the process for customers and our partner network of banks, exchanges and other financial service providers

There are several renowned organizations that can help with our extensive study of each regulatory regime. Organizations, such as PwC and Deloitte, have highly qualified and experienced teams that offer regulatory compliance services to help overcome the challenges and to stay abreast of any changes in the regulatory requirements as well as industry standards and best practices. These organizations provide efficient and cost-effective solutions to manage compliance risk (associated with specific requirements, like AML and fair lending) across jurisdictions.

WAWLLET’s platform will only integrate licensed financial service providers, and it would be in their best interest to help our team develop an efficient way to ensure full compliance.

 

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cafoo41
cafoo41

Long term Hodler Trying to become a day trader.


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