Wanda Exchange has long been a founder in innovation and compliance since its foundation in early 2021. Since its early days, the organization has been focused on working together with regulations to provide an easy experience to its users.
2023 was a crucial year for Wanda as the organization had significant restructuring and product integrations to help make the business future-proof. Updating the initial 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 could be the world’s first fully licensed and regulated crypto cash, on/off-ramp exchange, initially launching in Poland with plans to expand to Europe and then the complete world. This would be facilitated through Wanda’s strategic partnerships with merchants and banks throughout Europe, working under an absolutely regulated framework.
Wanda’s Regulated Crypto Cash Solutions
The organization aims to provide a straightforward on-ramp to the crypto economy for small businesses and FIAT users. Most of this is done while making it easier for folks who are seeking an off-ramp back to their local FIAT currency. The company’s solution is just a complete package, where they do not 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 straightforward entry to the crypto economy by eliminating the technical barriers for them. That is achieved through Wanda’s sophisticated voucher system, allowing retail customers to buy digital assets directly in cash. The same reverse process may be applied if anyone really wants to withdraw cash in trade for digital assets.
Wanda’s Partnerships – Commitment to Working With Regulations
When the platform goes LIVE in the upcoming weeks, Wanda Exchange can be Europe’s first fully licensed and regulated crypto-to-cash, on/off-ramp exchange. The team has dedicated 2 yrs to obtaining the required licenses and establishing the required 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” since the ATM partner.
2023 Summary – Major Developments
Wanda’s core team has been working proactively over the past several years and has made remarkable developments. 2023 was a year 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 led to a considerable delay in the exchange’s launch plan as the organization had to ensure they complied with all the regulations before launch. The team took it as a positive 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 all set for the launch within the next few weeks. The launch is merely the first faltering step towards Wanda’s vision of providing the planet having an efficient crypt/cash exchange, and the subsequent months will soon be followed by more partnerships and expansion in various countries.
The company’s vision for 2024 is to grow its network of merchants and integrate “Wanda Cash Out” as a withdrawal option on the very first few partner centralized exchanges, providing users with unparalleled convenience.
For more information, please contact: Mr. Diego Hert
Chief Marketing Officer
Email: email@example.com Phone: +66. 38111801