WeFi Docs
  • WeFi Ecosystem
    • Quickstart
    • WeFi Products
    • Roadmap
  • ITO platform
    • What is ITO platform?
    • ITO nodes
    • How to buy ITO?
      • How to buy ITO with different cryptos
      • How to buy with card
        • How to Buy ITO Using a Bank Card or Apple Pay
        • Allowed and restricted Card payment countries
  • wechain
    • What is WeChain?
    • $WFI token and mining process
      • $WFI token
      • How mining works?
      • Algorithmic Amortization
      • Activated ITO pools
      • APR
      • Pool Coefficient
    • $WFI Staking
      • Staking Programs Overview
      • How to stake WFI?
      • Staking Dashboard
      • Re-stake
      • Cancel staking program
    • $WFI Vesting
    • How to Vest and Claim $WFI
    • $WFI Referral
    • AI ZK Node
    • Become a Validator
      • Validator Program Overview
      • Tech requirements
      • Permissioned dApps
  • Neobank
    • What is Neobank?
    • Crypto Card
    • Non-custodial account
    • Blockchain wallets
    • Liquidity pendulum
    • Crypto Exchange
    • QR-code and Crypto Cashback
    • Onramp/Offramp methods
    • WUSD and W-assets
  • On-chain Remittance kiosk
    • Kiosk
  • Mass Adoption
    • Tap Game
Powered by GitBook
On this page

Was this helpful?

  1. Neobank

Crypto Card

PreviousWhat is Neobank?NextNon-custodial account

Last updated 7 months ago

Was this helpful?

The WeFi card provides a wide array of additional services, combining the flexibility of both custodial and non-custodial features with advanced financial capabilities. It is designed to cater to the needs of modern users, whether they are crypto enthusiasts, frequent travelers, or everyday spenders.

Key Features:

  1. Custodial and non-custodial

    1. Users will have a choice between having a typical Visa card, where they need to deposit their funds with the card issuer before they can spend; or they can go for a non-custodial card where all they need to do is park their crypto in a non-custodial smart contract, serving as the balance to collateralise their card

  2. Seamless Mobile Payments:

    • The WeFi card integrates with GPAY and Apple Pay, allowing users to make contactless payments with their phone at any shop that accepts these platforms. This makes everyday transactions simple and secure, leveraging the convenience of mobile payment technology.

  3. ATM Withdrawals:

    • Understanding that cash remains a necessity in many developing countries, the WeFi card supports ATM withdrawals. This feature ensures users can access cash whenever needed, making the card versatile and practical for global use.

  4. Support for W-Assets:

    • Users can manage W-assets, which are virtual currency accounts allowing them to store digitized fiat securely. This feature provides an easy way to hold and manage various fiat currencies in digital form, facilitating seamless global transactions and currency conversions.

  5. Variety of Card Tiers:

    • WeFi offers different card tiers to suit varying needs, from flexible and expandable virtual cards for everyday use to premium metal cards that provide a luxury experience. Users can choose the tier that best fits their lifestyle and financial habits.

  6. High spending limits

    1. Cardholders will be able to enjoy comfortably high spending limits for in-store purchases and for ATM withdrawals, beating many rivals in the world of crypto-collateralised cards.

Future Plans:

  • Savings Account Integration: The WeFi card will also function as a savings account, allowing users to earn interest on their deposits. This integration makes the WeFi card a comprehensive financial tool that supports both spending and saving.

  • Utility Bill Payments and Cashback Rewards: Users will be able to pay utility bills directly through the WeFi card, simplifying bill payments and offering a one-stop solution for managing expenses. Additionally, cashback rewards on purchases will incentivize regular use, adding value to everyday transactions.

  • Premium Travel and Lifestyle Services:

    The WeFi card will offer access to a range of additional services highly valued by travelers, such as airport lounge access, subscriptions, and comprehensive travel insurance. These benefits enhance the user experience, providing comfort and peace of mind while traveling.

  • Customizable Card Designs:

    Users will have the option to select the design of their card, allowing for personalization that reflects their style and preferences. This feature adds a unique, personal touch to the WeFi card.