Challenge, approach, and impact

• Inefficient, slow, and oversaturated banking market in need of digital transformation

  People are generally unsatisfied with traditional banks. Their slow and inefficient operations obligate customers to go to branches, wait in lines, and handle paperwork.

  They offer high fees and expensive money transfers, while daily, monthly, and yearly limits are too low (e.g., people would like to swipe a card when buying a car).

  Other than this, people want to own digital assets but don't have an exchange account. They want to top up their cards with digital assets from one place, as simply as possible, and in general, All assets need to be in one place!

  Web and mobile apps don't meet client needs and often are complex and slow, with limited functionality or simply outdated.

  Thus, Genesis Wallet can replace standard banking processes.