Products used
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Checkout Link
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Global
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Social
1%
Transaction fee
Quick setup
No KYC required
Ready to get started?
Challenge
Welook is a blockchain-centric social network that allows users to interact with each other. They wanted to enable a secure and reliable way users can pay each other via crypto. However, Welook didn’t have any reliable means to collect crypto payments. Moreover, integrating a payment processor into the platform would be time-consuming and expensive. They needed something that would allow them to collect Bitcoin payments — without investing heavily in technical infrastructure.
Solution
Welook signed up with Speed and started using our checkout links for collecting Bitcoins. Using Speed’s checkout links is super easy. Simply enter the desired amount, generate a checkout link, and share it via email, SMS, or social media apps. This helped Welook accept Bitcoins without investing in any technical infrastructure. Speed’s ready-to-use checkout links enabled seamless Bitcoin transactions for this blockchain-centric social platform.
Result
By using Speed’s checkout links, Welook saved hundreds of thousands of dollars that would have otherwise been spent on building and integrating a robust crypto-centric payment processor.
1. Quick and efficient global payments:
Using checkout links, Welook collected payments from around the world with just a few clicks. These links are easy to create and can be shared with anyone via social media apps, email, or SMS. They didn’t have to invest heavily in technology or development. All they paid is a 1% fee per transaction for using Speed and its features. Welook harnessed our web application for accessing all the platform features. It allowed them to create new links, track existing ones and view all their transactions in one place.
2. Easy set up & no KYC:
Getting started with Speed is simple and easy. Anyone can set up a Speed account in just a few minutes and start accepting Bitcoins from anywhere. There are no KYC or stringent verification processes that are strenuous and time-consuming. Welook also enabled their users to use Speed’s checkout links for transacting Bitcoins.
3. Highly secure and reliable payment means:
Speed complies one of the most secure payment processors on the internet. The user’s critical data is encrypted with AES 256 algorithm to ensure maximum privacy and security. Moreover, our team monitors the platform 24×7 to ensure it performs optimally around the clock. Thus, Welook team didn’t have to worry about privacy or security issues. Our team proactively looked for potential vulnerabilities and fixed them before they cause any harm.
