Aug 26, 2021
Tokoin X WadzPay AMA Recap — July 28
On July 28 2021, Tokoin held a joint AMA (Ask-Me-Anything) session with Anish Jain, CEO of WadzPay with Vici, Business Development of Tokoin, hosting this AMA. In this AMA, the speakers shared the latest development and let Tokoin Community know more about WadzPay.
Tokoin — Vici:
Hello everyone! We’re back with another AMA! Today Anish Jain, the CEO of WadzPay will be here together with us to have a chat about our current partnership with WadzPay!
WadzPay — Anish:
Hi everyone! Thanks for the warm welcome Vici!
Tokoin — Vici:
Hello Anish! Welcome to Tokoin Global Official Group! how are you today? are you ready to start?🤩
WadzPay — Anish:
Sleepy and busy as always, haha. Let’s get started
Tokoin — Vici:
Alright! Let’s go!
Question no. 1: Could you please explain in a very simple way what WadzPay is to our audience?
WadzPay — Anish:
The simplest way to explain WadzPay is that we are building a blockchain-based payments ecosystem. You won’t have to consider whether you’re making payments in Bitcoin, USDT, IDRP, or even IDR: the whole system will work seamlessly. Best of all, all payments and transfers will be near-instant, and will save you money!
Tokoin — Vici:
well explained yet very simple! WadzPay = seamless🤩 Last week, we have announced our partnership between Tokoin and WadzPay, which leads to question no. 2!
Question no. 2: What will the partnership between Tokoin and WadzPay be like from both sides? Is it open to global expansion?
WadzPay — Anish:
We are really excited to embark on this journey together with Tokoin. With the accelerating pace of Tokoin’s development and business footprint, we can’t imagine a better partner. Together, we will be able to bring Tokoin: acceptance at merchants worldwide, more users, and the ability to use Tokoin to send funds to friends and family overseas.
And yes — we will go global with this partnership! Tokoin x WadzPay world domination 😊
Tokoin — Vici:
Definitely! with hard work & passion from both teams, everything could happen!💪🏼
Question no. 3: Could you please give us the latest updates here for WadzPay Development?
WadzPay — Anish:
We’ve come a very long way. On the marketing front, our advertising and social media programs have reached over 10 million people this year, and our PR programs have generated over 300 million reaches and received coverage by the likes of Yahoo.
On the product development start, we have beta tested our App which serves as the ‘front office’ for our platform. We have been busy fine-tuning this architecture to accept more protocols and to enable interoperability into the ‘world’ outside of crypto assets.
Tokoin — Vici:
300 million reach wow! What an achievement! alright! moving on to the next question!
Question no. 4: We see that your motto is “Interconnected World of WadzPay”, could you please explain the meaning of your motto?👀
WadzPay — Anish:
Great question! Right now payments systems exist in silos. They don’t talk to each other. The banking SWIFT/ACH systems are separate from other payments systems, Central Bank Digital Currencies (CBDCs) aren’t plugged into these systems, nor are crypto assets. We aim to connect them all: we will be the technology layer that makes the whole world of payments interconnected.
Tokoin — Vici:
That’s a very interesting statement! it relates as well with your statement before👍🏻
Question no. 6: How can a cryptocurrency (like Tokoin) integrate with WadzPay? And what are the benefits?
WadzPay — Anish:
We are definitely looking to partner with more digital currencies, so the first step is to contact us and kick off a conversation. We will analyze your opportunities and work on a tailor-made solution that will elevate your business success.
Looking at Tokoin as an example, integrating with us will bring about:
• We know it’s difficult to spend your digital currencies. With us, you’ll be able to make payments at merchants worldwide.
• While sending digital currencies to others is easy for those of us who are tech-heads, the idea is difficult for most who are simply ‘crypto aware’, or don’t understand crypto. We make it easy to send funds overseas, and to the recipient, it’s almost like receiving fiat.
• Getting visibility for your digital currency is also important, and with both liquidity and marketing efforts showcasing you as one of our partners, we hope that your digital currency will perform
Tokoin — Vici:
Thank you for the explanation Anish! well explained yet easy to understand! next question would be…..
Question no. 7: Most of the questions people had during the AMA asked about the strengths of the project.
Since WadzPay is leading the next revolution of digital asset-based payments. So, at this time, can we talk about your difficulties and challenges? Have you faced any major problems in creating your project so far? And if so, how did you solve it? What is the status of your project now? Is there still a problem with your project?
WadzPay — Anish:
We are solutions, not problem-based companies. While any start-up experiences challenge when launching, we are constantly seeking solutions to overcome them. I suppose one of the challenges has been the fragmentation of cryptocurrency/stable coin protocols and the emergence of CBDCs. But we see this as an opportunity: we can unite all the protocols through one big umbrella/a technology layer.
I am very happy with how the project is going, and it’s no surprise because we have an incredibly talented (and constantly growing!) team who share my vision.
Tokoin — Vici:
So the mindset is, how to see a problem to a new opportunity! A talented team is indeed an asset for a company! good point you got there! alsoo let’s move on to the next question. It will relate to our pandemic situation nowadays.
Question no. 8: COVID-19 has a bad impact in almost every sector. So, how did it affect WadzPay? How have you and your team done the work in the pandemic?
WadzPay — Anish:
This may be controversial to say, but while COVID has been horrific at a social level, at a business level it has helped us. COVID drove payments away from cash, even in cash-heavy economies, towards digital payments. QR code usage significantly rose, with safe entry measures in many countries. E-commerce soared. As a digital payments platform, all these movements are priming us for success.
In terms of how we work, we’ve embraced remote work and have also hired more broadly from multiple geographies; we have a very unique and diverse team which helps us come up with unique solutions and ideas due to this diversity.
Tokoin — Vici:
totally understood! Most people (including me 😁) are now very cashless! Digital wallet and online payments now are the diva of the show. Most companies are applying for WFH and remote work as well. And the result is pretty productive too!🧑🏻💻
alright! we’re almost reaching the end of the AMA! so I wanna ask you a very very interesting question and I’m sure people here are curious!!
Question no. 9: We see that WadzPay has its own token (WTK), could you briefly explain? And where can we buy WTK? 👀🚀
WadzPay — Anish:
WTK is available to buy on BitMart exchange: https://www.bitmart.com/trade/en?symbol=WTK_USDT&layout=basic
We see a lot of potential for it now, especially since we have started announcing some of the partners we are working with including Tokoin and many more soon to be announced!
WTK brings lots of benefits to the WadzPay platform including lower fees for merchants, and more efficient settlement processes.
Merchants will need to settle subscriptions and other services using WTK, and tokens spent or used for settlement to fiat will be subjected to burns. Good news for token holders! We will continue to burn tokens until we have only 50% of the supply.
Tokoin — Vici:
oh wow guys! take a look at this! this might be a new opportunity for you😃 well explained & exclusive information from Anish Jain, as the CEO of WadzPay, only at our AMA! alright! I think we’re coming to the end of AMA…
Do you have any closing statement or something about this partnership for our audience today? Let’s get connected! What is WadzPay’s social media?
WadzPay — Anish:
Thank you so much for all the brilliant questions! Loved them all. Happy to be able to speak with the community you’ve built
Would be happy to connect with you all! We hope you like our Make every moment special with WadzPay campaign and it brings a smile to your face 😊
Linked In: Search WadzPay
IG: @wadzpay
FB: /wadzpay
Twitter: /wadzpay
Tokoin — Vici:
Of course! We’re so happy to have you here at our AMA as well!! 🥳 You guys can follow WadzPay’s Social Media for other updated news and information!
I think that’s all for our AMA today. I want to say a special thank you to Anish Jain & WadzPay Team that has been working closely with us to create this partnership!
WadzPay — Anish:
Thanks so much!
WadzPay.com is Driving Financial Inclusion whilst enabling broader acceptance. WadzPay will become THE DEFAULT Digital Payments Processor. We will build direct relationships between Financial Institutions (FI)/non-bank Financial Institutions (NFI), merchants and consumers. The WadzPay token WTK is available on Bitmart now.
