Wanda Exchange happens to be a founder in innovation and compliance since its foundation in early 2021. Since its early days, the company has been devoted to working together with regulations to provide a smooth experience to its users.
2023 was an essential year for Wanda as the company went through significant restructuring and product integrations to help make the business future-proof. Updating the original roadmap, Wanda Exchange started its subsidiary, Wanda Exchange LT, in Europe, which is really a fully licensed, regulated entity complying with EU laws.
About Wanda Exchange
Wanda Exchange may be the world’s first fully licensed and regulated crypto-to-cash, on/off-ramp exchange, initially launching in Poland with plans to expand to Europe and then the complete world. This will be facilitated through Wanda’s strategic partnerships with merchants and banks throughout Europe, working under a totally regulated framework.
Wanda’s Regulated Crypto Cash Solutions
The organization aims to provide a simple on-ramp to the crypto economy for small businesses and FIAT users. Most of this will be done while making it easier for those who are seeking an off-ramp back into their local FIAT currency. Their solution is really a complete package, where they don’t just enable their merchants to just accept payments in crypto but provide them with business opportunities and technical support.
In layman’s terms, the exchange plans to help small businesses and FIAT users make a simple entry into the crypto economy by removing the technical barriers for them. This is achieved through Wanda’s sophisticated voucher system, which allows retail customers to buy digital assets directly in cash. The same reverse process could be applied if anyone desires to withdraw cash in exchange for digital assets, crypto to cash in Poland.
Wanda’s Partnerships – Commitment to Working With Regulations
Once the platform goes LIVE in the upcoming weeks, Wanda Exchange will end up Europe’s first fully licensed and regulated crypto-to-cash, on/off-ramp exchange. The team has dedicated 2 yrs to obtaining the necessary licenses and establishing the necessary institutional partnerships to ensure the exchange works under an utterly legal framework.
The exchange is compliant with EU laws, and it has been achieved through Wanda’s strategic partnerships. This includes onboarding “Copper Co” for custodial solutions, “Incore Bank Switzerland” for FIAT transfers, “Sumsub” as an AML/KYC partner, and “In2retail” whilst the ATM partner.
2023 Summary – Major Developments
Wanda’s core team has been working proactively over the past few years and has made remarkable developments. 2023 was annually of turmoil for the crypto regulatory landscape following a infamous FTX crash; new regulations were rolled out, and the prevailing ones were amended to guard the users.
This generated a large delay in the exchange’s launch plan as the company had to make sure they complied with the regulations before launch. The team took it as an optimistic sign and spent the year obtaining necessary licenses and approvals and strengthening the technical infrastructure for the exchange’s operations.
Upcoming Plans & Roadmap Ahead
Wanda Exchange LT obtained all the required licenses and approvals in December 2023 and is prepared for the launch next few weeks. The launch is simply the first step towards Wanda’s vision of providing the entire world having an efficient crypt/cash exchange, and the subsequent months is likely to be accompanied by more partnerships and expansion in numerous countries.
Their vision for 2024 is to develop its network of merchants and integrate “Wanda Cash Out” as a withdrawal option on the initial few partner centralized exchanges, providing users with unparalleled convenience.
For more information, please contact: Mr. Diego Hert
Chief Marketing Officer
Email: firstname.lastname@example.org Phone: +66. 38111801