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Wanda Exchange is designed to make crypto payments simpler for many kinds of businesses. Over time, Wanda Group has developed into one of the leading providers of crypto-focused business services and transactions across almost all parts of the economy, spanning every product and service. To address this, Wanda Group introduced the Wanda POS system, which is linked to a regulated cryptocurrency exchange in Thailand. Through Wanda’s payment routes, merchants don’t have to learn crypto or accept it directly. Instead, they can receive settlement in local currency via bank transfer with ease. It works similarly to a credit card terminal, but is built to be faster for merchants receiving fiat, without fees for them. At present, the approach is mainly used in the real estate and investment space because of high blockchain costs. The Wanda Token is intended to solve this by enabling smaller payments in retail and hospitality. The Wanda POS device can connect to every collaborating crypto exchange worldwide and is currently undergoing the patent process.
Wanda Personal Assistant accompanies the device for each transaction. The device is straightforward to use and generates a receipt that includes a QR Code for the end customer’s transaction. When the transaction is received in the Customers' Trading Account, it is automatically converted to Thai Baht and sent to the Final Customers Bank Account. The device also produces a second receipt once Bitcoin arrives in the Trading Account. The Personal assistant remains in place until THB reaches the Final Customers Bank Account.
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