- Filipino lead team AltSwitch introduced DeKaha, a decentralized finance (DeFi) crypto wallet.
- As of this writing, DeKaha is in the alpha stage and is open for the waitlist. Since the first week it opened its registration, it has already garnered more than 11,000 signups worldwide.
- Since it supports several blockchain networks, DeKaha stressed that its users can create their accounts depending on their preferred network.
Aiming to promote the benefits of blockchain technology for businesses, Filipino-led team AltSwitch introduced DeKaha, a decentralized finance (DeFi) crypto wallet.
In a statement, AltSwitch said DeKaha can allow businesses to receive payments anywhere to attract new customers through its blockchain payment infrastructure, which can be integrated into both offline and online settings.
As of this writing, DeKaha is in the alpha stage and is open for the waitlist. Since the first week it opened its registration, it has already garnered more than 11,000 signups worldwide, AltSwitch stated.
Those who are interested can fill out this form.
“For businesses and individuals who are dissatisfied with the limitations and complexities of traditional cross-border payment solutions, which usually take a significant amount of time between the sender and receiver, plus the high transfer and conversion fees, AltSwitch offers a groundbreaking alternative.”Carl Munsayac, CEO, AltSwitch
On its website, DeKaha asserted that aside from supporting multiple blockchain networks such as BTCH, ETH, BSC, MATIC, and TRON, users can access DApps through its in-app browser, and buy, swap, and sell crypto using debit or credit cards.
“Unlike centralized exchange wallets or other existing options, AltSwitch empowers users with full custody of their assets, access to the entire blockchain, and multi-level access control. With seamless integration, real-time tracking, and easy off-ramping capabilities through partnered licensed API providers, AltSwitch revolutionizes cross-border payments for businesses and individuals, ensuring a borderless economy.”Carl Munsayac, CEO, AltSwitch
DeKaha’s Goal: To Be a User-Friendly Platform
To attract more businesses in the country to use blockchain payment integration, DeKaha will be the one to facilitate the integration itself into existing systems, which include easy plug-and-play options, developer-friendly APIs, and comprehensive documentation, according to AltSwitch:
“Such simplicity ensures that businesses, regardless of their technical expertise, can efficiently adopt blockchain payments. With a mere account creation, which will generate a blockchain address or QR code, they can already start accepting payments even if the business is offline.”Carl Munsayac, CEO, AltSwitch
Moreover, since it supports several blockchain networks, DeKaha stressed that its users can create their accounts depending on their preferred network, so they can consider multiple factors such as security, transaction speed, and cost-effectiveness.
Furthermore, the crypto wallet also emphasized the need to use cross-chain aggregators to streamline cross-chain transactions for businesses. By doing this, business clients who own assets on different networks can conduct transactions.
“By leveraging established cross-chain solutions, we can concentrate our efforts on developing and enhancing the DeKaha crypto wallet for businesses, empowering them to efficiently manage, send, and receive cryptocurrency assets while addressing the current limitations of a regular DeFi wallet.”Carl Munsayac, CEO, AltSwitch
DeKaha’s Regulatory Compliance
As DeKaha is made for businesses, AltSwitch highlighted that the wallet is also created to help them operate in compliance with regulatory frameworks:
“Without a robust DeFi wallet infrastructure like DeKaha, businesses might operate in the crypto space without the necessary transparency, posing challenges for regulators. DeKaha empowers businesses with self-custody capabilities while ensuring transparency through on-chain operations.”Carl Munsayac, CEO, AltSwitch
DeKaha also admitted that as more businesses adopt cryptocurrencies, compliance with the law could be a hassle, especially for those who are not familiar with the regulations on digital assets.
With this, the crypto wallet hinted at providing a regulatory framework that benefits both enterprises and governmental authorities.
“Our ambitious vision for DeKaha is to establish it as the standard infrastructure for businesses to register on-chain, revolutionizing the way we regulate decentralized finance in collaboration with regulatory bodies.”Carl Munsayac, CEO, AltSwitch
Recent AltSwitch Activity
A year ago, AltSwitch CEO Carl Munsayac presented his firm’s hardware wallet, named AltWallet, which features an NFT display, to a panel during the Future Innovation Summit V2. During the event, Munsayac and his team debuted their hardware wallet video on stage.
Alongside Munsayac, the AltSwitch Team consists of Chief Marketing Officer Dragos Petrovan (Dogefather), Chief Technology Officer Vlad Sulea (BNBae), Chief Commercial Officer Carlo James Nuque (Tetherogue), Chief Data Officer Clark Abella (Ethero), Chief Sales and Marketing Officer Kaye Labay (Xrpixel), Chief Human Resources Officer Shari Ashley (Cardanova), and Chief Public Relations Officer Nicholas Sledziona (Stellarcat).
This article is published on BitPinas: Pinoy-Led Firm To Launch Business-Focused DeFi Crypto Wallet
- Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
- BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.