 called W Swap.){kind=link}
Hybrid blockchain designed for global payments, W Chain is planning on adding new features to its product list. The platform plans on introducing advanced features such as the W Chain bridge, decentralized exchange (DEX) known as W Swap, and premium accounts to its product offering in the future.
In an interview with UnoCrypto, Anish Jain, Founder of W Chain said “These enhancements will broaden our ecosystem and cater to a wider range of user needs, enabling us to seamlessly integrate new payment corridors.”
W Swap Launch To Support Easy Token Transfer
The platform at present hopes that the W Swap launch, scheduled for release in the third week of February 2025, will empower users with full control over their funds while facilitating seamless token swaps and optimizing liquidity pools for low gas fees.
Additionally, it will support a diverse range of tokens and offer lower transaction fees compared to centralized exchanges, enhancing user privacy and anonymity.
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W Chain Eyes Emerging Market Expansion Amid Regions Promising Future
Apart from the addition to the product list, W Chain is also looking at expanding its userbase in the Emerging Markets.
Anish Jain explains, “To expand our customer base in emerging markets and regions with limited access to banking services, we will leverage the strengths of our hybrid blockchain architecture. Our platform is designed for global payments with unmatched scalability, speed, and security, which translates to lower transaction fees—an essential factor for users in these markets where cost is a significant barrier.”
The move will be exactly in tandem with market trends, which depict that Emerging markets are poised for higher growth in the crypto sector.
W Chain Prioritizes Security and Transparency in Cross-Border Transactions
In the realm of cross boarder transactions, the main concerns of most customers lies in the fear of hacks, frauds and security issues. But W Chain aims at making security its top priority.
Anish Jain adds “We know that cross-border payments can be risky, with threats like fraud and cyberattacks. To tackle these challenges, we’ve put in place some advanced security measures. For example, we use multi-factor authentication to ensure that the right people are accessing their accounts.”
“We believe that trust is crucial when it comes to handling money across borders. That’s why our blockchain technology features an immutable ledger. Once a transaction is recorded, it can’t be changed or tampered with. This means there’s a clear and tamper-proof record of all transactions, so there are no hidden fees or surprises,” he concludes.
Also Read: BIS & Central Banks To Integrate “Mandala”, Aiding Cross-boarder Crypto Transactions