Wanda Exchange has always been a pioneer in innovation and compliance since its foundation in early 2021. Since its early days, the company has been committed to working with regulations to provide a seamless experience to its users.
2023 was a crucial year for Wanda as the company went through significant restructuring and product integrations to make the business future-proof. Updating the initial roadmap, Wanda Exchange started its subsidiary, Wanda Exchange LT, in Europe, which is a fully licensed, regulated entity complying with EU laws.
About Wanda Exchange
Wanda Exchange is the world’s first fully licensed and regulated Crypto to cash, on/off-ramp exchange, initially launching in Poland with plans to expand to Europe and then the whole world. This would be facilitated through Wanda’s strategic partnerships with merchants and banks throughout Europe, working under a fully regulated framework.
Wanda’s Regulated Crypto Cash Solutions
The company aims to provide an easy on-ramp to the crypto economy for small businesses and FIAT users. All of this will be done while making it easier for those who are seeking an off-ramp back into their local FIAT currency. The company’s solution is a complete package, where they do not just enable their merchants to accept payments in crypto but also provide them with business opportunities and technical support.
In layman’s terms, the exchange plans to help small businesses and FIAT users make an easy entry into the crypto economy by removing the technical barriers for them. This is achieved through Wanda’s sophisticated voucher system, which allows retail customers to buy digital assets directly in cash. A similar reverse process can be applied if anyone wants to withdraw cash in exchange for digital assets.
Wanda’s Partnerships – Commitment to Working With Regulations
Once the platform goes LIVE in the upcoming weeks, Wanda Exchange will become Europe’s first fully licensed and regulated crypto-to-cash, on/off-ramp exchange. The team has dedicated two years to obtaining the required licenses and establishing the required institutional partnerships to ensure that the exchange works under an utterly legal framework.
The exchange is compliant with EU laws, and this 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” as the ATM partner.
2023 Summary – Major Developments
Wanda’s core team has been working proactively over the past few years and has made remarkable developments. 2023 was a year of turmoil for the crypto regulatory landscape following the infamous FTX crash; new regulations were rolled out, and the existing ones were amended to protect the users.
This led to a considerable delay in the exchange’s launch plan as the company 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 necessary licenses and approvals in December 2023 and is all set for the launch in the next few weeks. The launch is just the first step towards Wanda’s vision of providing the world with an efficient crypt/cash exchange, and the subsequent months will be followed by more partnerships and expansion in different 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 first few partner centralized exchanges, providing users with unparalleled convenience.
For more information, please contact: Mr. Diego Hert
Chief Marketing Officer
Wanda Exchange
Email: diego@wanda.exchange Phone: +66. 38111801