Until now, the weeGroup had to rely on complex and expensive banking systems to manage user accounts and transactions. This is both time consuming and inefficient, resulting in high transaction costs as well. Through the conversion and integration of the cashback system onto blockchain technology and the transformation of the current technical base and business model, the weeGroup is able to solve these problems – at minimal cost for users worldwide.
Blockchain technology will open immense opportunities and lead to a drastic and fast expansion of the weeGroup’s cashback business and, in particular, of the wee Marketplace . The wee Marketplace is the perfect place for synchronising the virtual payment processes within its open system with payment transactions outside its own infrastructure . In turn, its users will be able to access the blockchain and gain easy access to the cryptocurrency . This will revolutionise the way consumers use cryptocurrencies in their everyday lives in addition to instant peer to peer transactions to merchants and other users (i .e . all community members), which will result in the ideal mobile payment system .