Wallex Set to Disrupt the Financial Industry with Next-Generation Products and Features

The financial sector is in a phase of transition. The introduction of blockchain technology is gradually changing people’s outlook on the traditional financial space.

Although digital currencies still have a long way to go before they are fully adopted in all facets of life, the ship is sailing and shows no signs of slowing down.

Despite the huge opportunities offered by the digital asset and blockchain industry, many financial institutions and businesses are still skeptical about it.

Every new technology goes through a hype phase. The included blockchain technology takes a long time to overcome obstacles and use energy to power the modern world. Although there are many options, overcoming all obstacles will take time.

Some of the existing concerns about cryptocurrency;

The fact that blockchain technology is anonymous attacks not only experts but also criminals. Why? Because the network is decentralized, no one will be able to determine its true identity.

This is one of the most difficult aspects of using blockchain technology in a business. Many companies use blockchain technology to conduct transactions. Many products will depend on it. However, there are currently no clear regulations in place. As a result, no one follows precise rules regarding blockchains.

The lack of a knowledge base is another major barrier to the adoption of blockchain technology. Most people are unaware of the existence of the technology and its possible use. If the blockchain is to succeed, it must be accepted. While technology is making history, it is still insufficient to attract new customers.

With Next-Gen Assets and Features, Wallex is Ready to Disrupt the Financial Industry

Wallex provides compliant, regulated and secure financial solutions, enabling them to benefit from digital transformation. Additionally, the services are regulated and subject to the same capital requirements and audits as traditional financial institutions.

Wallex is an all-in-one digital asset and asset ecosystem that allows ordinary people to effortlessly enter the digital asset space and integrate crypto into their businesses and daily lives.

It provides an innovative neobank – i.e. online-only banking – and a comprehensive suite of services merging traditional finance and blockchain technology to serve individuals, businesses and fintech projects.

CEO and Founder Simone Mazzuca believes that blockchain technology is the future of finance, largely because transactions on the blockchain are accessible to everyone and the fees associated with transfers are essentially low. The most important feature he appreciates is full transparency.

Wallex aims to help companies grow financially and take advantage of the many opportunities in the field of digital assets.

Unique products offered by Wallex

  • EURST: The EURST is the first stable token in euros and audited directly, backed 100% by US dollars. It was created to modernize the European digital economy by making it more accessible, transparent and fully reliable. It is the most compliant and secure tokenized fiat currency for transfers and deposits.

  • Neobank: As the future banking service for multi-currency fiat and crypto payments, neobank bridges the gap between the services of traditional banks and changing customer expectations in the digital age. It transforms fintech.

  • Pay: a fiat and crypto booster to increase cash. In addition to being a single solution for all banking and financial activities, Wallex serves individuals, businesses, brokers and innovators.

The bottom line

Despite concerns about blockchain technology, Wallex sees a bright future ahead of the industry and is here to provide reliable and innovative services. Major institutional players entered the digital asset space, no doubt, as they realized the potential of cryptocurrencies and blockchain technology.

Wallex creates a connection between traditional and cryptocurrency businesses to revolutionize the financial industry.

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