WhiteBIT Shakes Up Crypto Payments with WB Check—Faster, Slicker Transfers Now Live
WhiteBIT just dropped a game-changer for crypto transfers—WB Check slashes transaction friction like a hot knife through institutional-grade butter.
How it works: No more copy-paste wallet spaghetti. WB Check generates one-time deposit links—think crypto Venmo without the regulatory hand-wringing.
Why it matters: While traditional finance still debates SWIFT upgrades, WhiteBIT's move proves decentralized rails keep out-innovating legacy systems. Another win for crypto's 'move fast and break things' ethos—bankers' ulcers not included.
Simplifying crypto transfers
WB Check addresses real-life problems that slow down digital asset transfers. Often, sending crypto requires negotiation over wallets or waiting for verification, which can be frustrating when sharing project rewards or reimbursing expenses. WhiteBIT designed WB Check for these exact situations. It allows instant transfers without extra steps or registration.
“WB Check continues our work on making digital asset tools more convenient and accessible for everyday use,” said Volodymyr Nosov, Founder and President of the W Group ecosystem. He added that users should not have to change wallets or go through long processes just to receive money.
“Our goal is to develop solutions that support financial autonomy, encourage broader adoption of digital assets, and help shape a more mature and user-oriented financial culture.” He said.
How the WB Check works
The tool offers flexibility with two security levels:
- Revocable WB Checks can be canceled by the sender at any time before the recipient withdraws funds.
- Irrevocable WB Checks require a six-digit access code and cannot be canceled once they are created.
The checks can be shared using a link, email, or a QR code, which makes it easy to send assets across different time zones or outside traditional working hours. The recipient fills in their own wallet details, so there is less chance of mistakes.
Here is how it works
Practical uses for everyone
The checks can be used in different situations. It can be used to send rewards or payments after events, return or MOVE money without asking the other person to create an account, or gift crypto to newcomers who may not have chosen a platform yet. Transfers are instant and secure, and can be claimed for up to five years.
WhiteBIT said the check is now available for its users and can be used on supported wallets and exchanges, depending on local rules.
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