A Leap Forward in Web3 Banking

In the rapidly evolving landscape of blockchain and cryptocurrency, innovation exhibits limitless potential. Embracing this spirit of progress, BasedApp stands as a web3 application that marries the convenience of traditional banking with the expansive possibilities of Web3.

Powered by Polygon, a highly-efficient blockchain, BasedApp is primed to deliver a superior transaction experience. We seek to disrupt the status quo, offering our users unparalleled flexibility and control over their financial assets. 

The beta launch of the BasedApp crypto Visa debit card is in Singapore. This card, in conjunction with the non-custodial BasedApp wallet, is poised to redefine the way you manage, spend, and invest your digital assets.

Operating on the Polygon Network

At the heart of BasedApp lies the Polygon network. Known for its scalability, speed, and cost-effectiveness, Polygon provides the perfect ecosystem for BasedApp to thrive. The network's architecture ensures lightning-fast transactions and minimal fees, making it an ideal choice for users who seek a seamless experience when using their digital assets for everyday transactions.

The Genesis of a New Era

The BasedApp card marks a pivotal moment in the journey of cryptocurrencies toward mainstream adoption. While digital assets have long been viewed as an alternative investment, their day-to-day utility has often been limited by a lack of seamless integration with traditional financial systems. We seek to bridge the gap between the decentralized world of crypto and the structured realm of traditional finance.

Saying Goodbye to Intermediaries #breakfree

The BasedApp card revolutionizes how we spend our digital assets. In an era where intermediaries have long been a necessary inconvenience, BasedApp empowers users to break free from these limitations. No more relying on third parties to facilitate transactions—simply top up your card with funds from your BasedApp wallet, and you're ready to make purchases anywhere that accepts Visa. It also eliminates the need for off-ramp solutions. This integration between the wallet and the card enables users to access and spend their digital assets effortlessly.

The non-custodial BasedApp Wallet

Central to the BasedApp ecosystem is the BasedApp wallet, built upon the secure foundation of Safe, the leading smart contract platform that has secured billions of dollars on-chain since 2018. The BasedApp wallet offers users a safe and reliable space to store their digital assets, ensuring their peace of mind.

The wallet is also non-custodial, which means users hold their own assets, without the need for a third party, resulting in a higher level of security and privacy. However, it doesn't stop there. Leveraging the potential of account abstraction, users will be able to utilize social logins and one-click transactions with batched authorization.

Simplified Investing and Effortless Trading

BasedApp not only empowers users to manage their financial assets but also offers seamless opportunities for investing and trading. The Auto-Swap feature executes automated transactions such as dollar-cost averaging for users through BasedApp. Users can regularly buy BTC or ETH, a unique feature not common in most crypto wallets.

A Secure Foundation and Infrastructure

Concerns about security have often been a stumbling block for mainstream adoption of cryptocurrencies. BasedApp not only enables convenient cryptocurrency transactions but also prioritizes security at every step. Backed by the reliability of Visa, a global leader in payment solutions, the BasedApp card is accepted at over 100 million merchants worldwide.

We prioritize Anti-Money Laundering (AML) compliance with the support of Chainalysis, a top blockchain analysis company. This integration allows us to vigilantly monitor transactions, ensuring a secure platform and promptly addressing any illicit activities.

Additionally, the integration with Gelato Relay, which is relied upon by more than 400 Web3 projects, provides an efficient and secure method for validating transactions without requiring gas fee payments. This leads to smooth and gasless transactions.

A Glimpse into the Future

With the BasedApp wallet and card at your disposal, the power of Web3 banking is yours to wield. This is a significant step towards making cryptocurrency a feasible choice for everyday transactions, without the drawbacks of sluggish processing times or exorbitant fees.

Singapore is just the first destination, and we have plans to expand to more countries. Step into the world of BasedApp and be a part of our community. Secure your spot on the BasedApp card waitlist by signing up here: https://bit.ly/3EcUxiX 

For those interested in connecting with BasedApp face-to-face, we're excited to share that we'll be present at prominent crypto conferences including Korea Blockchain Week, Ethereum Singapore, and Token2049 Singapore. We look forward to meeting you at these events!

About BasedApp

BasedApp is a Web3 application that allows users to spend, send and invest crypto on the go.

Website | Twitter | LinkedIn

About Polygon Labs

Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3.

Website | Twitter | Developer Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook