What is WeFi (WFI)?

Deep Dive

1. Purpose & Value Proposition

WeFi aims to eliminate barriers between decentralized finance (DeFi) and traditional banking. Its core offering includes virtual/physical Visa cards that convert crypto to fiat in real time, non-custodial wallets for asset control, and remittance solutions with fees up to 70% lower than traditional services (WeFi App). The platform specifically targets the 1.4 billion unbanked individuals, particularly in Asia and Africa, by offering accessible tools like ATM crypto-cash conversions and multilingual educational resources.

2. Technology & Architecture

Built on Binance Smart Chain, WeFi integrates ZK-proofs for transaction privacy and AI agents to automate compliance checks and optimize yields. Its “Energy” system reduces fees (e.g., 1.5% spending fee vs. 3% without Energy) and rewards users for ecosystem participation. The infrastructure supports 7,000+ digital assets and partners with LayerZero for cross-chain interoperability.

3. Ecosystem Fundamentals

Key features include:
- WeFi Card: Virtual-first Visa card usable at 140M+ merchants, with programmable rate triggers for optimal FX conversions.
- Deobank Model: Combines DeFi yields (up to 18% on stablecoins) with TradFi services like loans and savings accounts.
- Regulatory Compliance: Licensed in Canada, EU, UAE, and Czech Republic as a money services business and virtual asset provider.

Conclusion

WeFi reimagines banking by merging blockchain’s transparency with user-centric financial tools, prioritizing accessibility and cost efficiency. How will its focus on emerging markets and regulatory adaptability shape the future of decentralized banking?