AlphaPoint, a leading provider of digital asset infrastructure for fintechs, exchanges, brokerages, digital wallets, and banking, has officially announced its support for the launch of a Wenia Card, which happens to be a new crypto-backed Mastercard.
According to certain reports, the stated card brings forth, for all Wenia users, a secure and user-friendly way to spend their crypto assets in real-time at any merchant accepting Mastercard across the globe.
More on the same would reveal how this Wenia Card will be powered by AlphaPoint’s advanced infrastructure, something which also supports the Wenia exchange in regards to delivering a secure, compliant, and scalable experience. This integration, on its part, will allow for Wenia users to effortlessly link their crypto balances to the Wenia Card, with real-time conversion of assets, including Bitcoin (BTC), Ether (ETH), stablecoins like USD Coin (USDC) and Bancolombia’s Colombian peso-backed stablecoin, COPW, and others such as Polygon (MATIC), Solana (SOL) for use in everyday transactions.
Talk about the new card on a slightly deeper level, we begin from the facility to spend your crypto anywhere. You see, the new Wenia Card comes bearing a setup to let users seamlessly spend their crypto balances directly from the exchange accounts, anywhere Visa or Mastercard is accepted. By doing so, it effectively covers the ground between digital assets and real world transactions.
Next up, there is the prospect of smart conversion. This translates to how you can automatically convert from multiple currency balances when one is insufficient. Such a setup, like you can guess, treads up a long distance when it comes to helping users avoid transaction failures due to insufficient funds and ensuring transactions are always successful.
Further boasting compatibility with Apple Pay and Google Pay mobile wallets, the all-new Wenia card also delivers at your disposal configurable spending limits for both virtual and physical cards.
“We are thrilled to support Wenia to enable this innovative product for their growing user base,” said Igor Telyatnikov, CEO of AlphaPoint. “As more users adopt cryptocurrency worldwide for a store of value, seamless exchange and spending of those assets at the point of sale are necessary for the best user experience. This launch demonstrates our continued belief and investment in making cryptocurrencies more accessible and usable, providing users with a seamless, trusted, and efficient way to spend their digital assets.”
Hold on, we do have a few bits left to unpack, considering we still haven’t touched on the card’s institutional-grade architecture that allows you to leverage trusted, highly scalable software backed by global payment networks like Mastercard and Visa.
Another detail we haven’t yet touched upon is rooted in the potential for users to grow their user base and expand revenue channels. This they can achieve through the introduction of Debit Card or Credit Card functionality within their platform. All in all, this will also help in enhancing user engagement, while simultaneously unlocking greater revenue streams, thanks to transaction fees and increased activity on platform.
As for what makes AlphaPoint’s support an important aspect here, the answer resides in its ability to provide digital asset infrastructure to power the next generation of fintechs, exchanges, brokerages, payment networks, and banking institutions. The company’s portfolio of solutions, at the moment, includes trusted, secure, scalable, and customizable solutions for trading, payments, lending, custody, and more. AlphaPoint’s excellence in what it does can also be understood once you take into account that it has, thus far, empowered more than 150 customers in 35 countries including the Groupo Bancolombia’s Wenia, CME Group, XP Securities, and Chivo. On top that, it has also powered, so far, over 1 trillion in trading volume, with its technology handling assets worth billions on the platform.
