Wawllet claims to be the world’s first multi-asset wallet and personal financial passport. Find out how it works today in our review.
What is Wawllet?
Wawllet, found online at Wawllet.com, connects people, banks, and financial services together using a multi-asset wallet.
Wawllet’s mobile and desktop applications let you manage all your fiat currencies, cryptocurrencies, and commodities from one spot. You can transfer them to other people and accounts – like separate bank accounts. All banks and exchanges connect to the Wawllet network in a fast, easy, and secure way.
The main benefit of Wawllet is that you have full control of your fiat, crypto, gold, and debit card accounts from a single app. At the same time, Wawllet never holds your assets – it just lets you manage them through third party service providers.
How Does Wawllet Work?
Wawllet doesn’t seek to disrupt any existing financial institutions. Instead, the company’s goal is to build on the strengths of these institutions while breaking down their barriers.
When users setup their Wawllet account for the first time, they’ll be asked to complete KYC/AML verification. Once this verification is complete, users will have access to their financial passport.
From there, users can use their Wawllet to process “any type of transaction within seconds”, including fiat to fiat, fiat to crypto, crypto to fiat, and all other types of transactions. All transactions with Wawllet will be as easy as sending a text message.
Wawllet has four different pocket types, including all of the following:
- 180 seconds KYC approval
- Instant IBAN issuing
- Multi-currency accounts
- Multi-bank integration
- 60 second approvals
- Multi-account debiting
- Instant crediting
- Custom-made debit cards
- Commodity trading
- Physical vault storage
- International shipping
- Multi-cryptocurrency wallet
- Independent e-wallet API
- One-touch access
- Cold storage
Across all of these wallets, Wawllet aims to offer legal, fast, secure, and easy fiat and crypto transfers.
In addition to the core features listed above – like transferring crypto to fiat and fiat to crypto – Wawllet aims to offer several other services through their network. Here are the features users can access:
Loans at Competitive Rates:
Wawllet will partner with third-party lenders to offer competitive lending rates to clients, including good funding, financing, and micro-financing agreements. Users can get the best deal possible with minimal risk of defaulting.
Many financial service providers now offer AI-based “robo advisors” to customers. Wawllet users will be able to connect to these partners and share their financial information in order to choose the investing strategy that works best for their unique needs.
Wawllet will ensure a competitive exchange rate by offering real-time comparisons of exchange rates via trusted network partners. All transaction and operation fees will be highly competitive, and Wawllet will periodically show the customer additional options for lowering service fees.
Wawllet is a trusted and secure place to manage all of the customer’s personal wealth and assets.
Overall, Wawllet’s goal is to offer simpler financial management to users.
Who’s Behind Wawllet?
Wawllet is led by founder and creator Mihail Lala. Prior to launching Wawllet, Lala managed and co-founded a variety of projects in marketing, cryptocurrency exchanges, and mass media. You can view his LinkedIn page. He appears to be originally from Romania, although he has worked around the world. His current listed location is Gibraltar.
Other listed members of the project include Doron Angelovitch (CEO and co-founder), Gadi Monsa (chairman and co-founder), Aviram Eisenberg (CTO), Gil Wojakowsky (CLO and co-founder), and Zion Mitrani (CRO).
The Wawllet Token Sale
The Wawllet pre-sale began on September 21, 2017. A total of 1 million tokens were available during the pre-sale at a price of $1.50 USD. The main token sale, meanwhile, is scheduled for January 29, 2018. That token sale will end 30 days after launch, or when all the tokens are sold (whichever comes first).
Tokens are being sold at a rate of $3 USD during the main ICO. A total of 44 million WIN tokens are on sale. 1% of the total supply of tokens were available during the pre-ICO. 44% are available during the main ICO. The remaining tokens are dedicated to shareholders, marketing, bounties, and referral programs (10%) or reserved for venture capital funds and hedge funds (45%).
Wawllet WIN ICO Conclusion
Wawllet aims to create desktop software and mobile apps that allow users to manage all of their assets – including fiat currencies, cryptocurrencies, and commodities – from one single interface. Users will be able to access loans through the platform, for example, while still maintaining full control of their funds. Wawllet never holds users’ funds – it just allows users to interact with funds they already hold.
To learn more about Wawllet, visit online today at Wawllet.com.