Okse Wallet is a Decentralized Finance System. With Okse Wallet, you will avoid any and all third parties between you and your funds. The ultimate goal is to prioritize and cater to anyone and everyone with a basic cell phone containing an internet connection but fully regulated and AML conform. One might think people who have internet-enabled cell phones would already be accounted for in financial systems, but that’s not the case. Conventional banking services are a luxury that not every citizen can afford access. This subset of the population can’t be left without a dependable financial system and its protection. The solution proposed by Okse is governance-controlled decentralized debit card management contracts.
The Okse Card is a virtual debit card, which allows users to make payments on over 60 million merchants worldwide with pure decentralization until funds reach the payment provider. The only option to access the Okse Card Smart Contract is via the decentralized Okse Wallet where a KYC is needed. After the KYC is approved, the Okse Card Menu can be accessed while signing with your KYC verified wallet. The login allows you to upload different pre-selected and also governance-selected crypto currencies! Your funds have only two options after being deposited into the Debit Card Smart Contract, which are:
- The funds will be transferred with user confirmation to the master wallet from the integrated Signer Wallet, which pays the Debit Card Provider instantly when a payment is made with your debit card. The pre-selected payment currency will be immediately converted into USDC or BUSD to keep the value near to the USD.
- Withdraw your funds to your Okse Wallet from which you made the deposit, which works like a multisig; the Signer Wallet and your Wallet need to sign the transaction.