Imagine a world where money moves freely like a breeze, across borders with little cost.
Wind: a non-custodial wallet on the Polygon blockchain, making near-free global transactions using stablecoins a reality. It’s more than a wallet—it’s a doorway to DeFi, decentralized trades, and upcoming NFT activities, all from your Wind wallet. Wind’s mission? Set money loose, empowering creators and businesses worldwide.
Empowering Financial Accessibility
According to the World Bank1, financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way. Financial inclusion has been identified as an enabler for 7 of the 17 Sustainable Development Goals1. However, despite the progress made in recent years, there are still 1.7 billion adults who remain unbanked2, meaning they do not have an account at a formal financial institution or through a mobile money provider. Moreover, the cost of sending money across international borders remains high, averaging 6.4 percent of the amount transferred in the first quarter of 20213. This is more than double the Sustainable Development Goal target of 3 percent by 20303.
Wind aims to address these challenges by providing a simple, secure, and low-cost way to send and receive money globally using stablecoins, which are digital assets pegged to USD. Stablecoins ensure that the value of the assets is not affected by volatility in the cryptocurrency market. Wind leverages the Polygon network, which is a layer-2 scaling solution that achieves faster and cheaper transactions than the Ethereum main net. With Wind, users can send and receive money with near-free fees.
Innovative Products for Inclusion
1. Send Money Anywhere with Lower Fees:
Wind enables affordable money transfers to the Philippines, contrasting traditional methods. Choose from options like bank transfers, cash pickup, or mobile wallets.
2. Seamless Web3 Integration:
Convert fiat to stablecoins effortlessly with Wind. Link your Wind wallet to decentralized exchanges or NFT marketplaces for smooth interaction.
3. Your Self-Custody Wallet:
Empower yourself with Wind’s self-custody wallets. Secure private keys grant control, while the Wind app tracks transactions, balances, and network fees.
4. Yield from Idle Funds via Aave and Affine:
Wind unlocks earning potential through Aave and Affine protocols. Lend, borrow, or stake stablecoins for rewards, harnessing idle funds.
Wind’s Role in Financial Inclusion
1. Cost Efficiency: Leveraging stablecoins and Polygon network, Wind slashes cross-border transaction costs. Users save more, directing greater funds to recipients.
2. Extended Access: A secure mobile platform connects unbanked and underbanked using multiple languages and currencies, promoting inclusivity.
3. User Empowerment: Wind arms users with self-custody wallets and private keys, amplifying asset control. Education on crypto and DeFi fosters informed choices.
Wind’s Unique Advantages
- Minimal fees: Wind charges near-free fees for transactions, typically below 1 cent4. This is much lower than the average cost of sending money across international borders, which is 6.4 percent3.
- True ownership: Wind provides users with self-custody wallets that grant them exclusive access to their cryptocurrency using private keys. This enhances security and privacy for users, as they do not have to rely on third-party custodians or intermediaries.
- DeFi potential: Wind goes beyond money transfer by enabling users to participate in DeFi activities, such as lending, borrowing, trading, and staking. Users can also earn passive income with their idle funds through Aave and Affine protocols.
Driving Transformation and Global Inclusion
Wind’s mission is to liberate finances and reshape the global financial landscape. With a secure, cost-effective approach via stablecoins, Wind empowers users to access tailored financial services, erasing geographic payment boundaries. Enabling DeFi, decentralized exchange trading, and upcoming NFT activities directly from its wallet, Wind fuels fresh avenues for creativity and entrepreneurship.
Shaping a Borderless Future
Wind pioneers a borderless world by turning borderless payments into reality. Beyond a money transfer app, Wind enables DeFi participation, decentralized exchange trading, and upcoming NFT activities from its wallet. Its impact is evident through low fees, wide reach, user empowerment, and unique advantages, driving global remittances and inclusion.
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