The KeZero electronic wallet uses Bitcoin as an intermediate bridge

On January 22 , a Weibo post by Taiwan Free Travel showed that many free travel friends reported that Huaxia Bank cards could not be used to withdraw money in Taiwan or that something unusual happened after withdrawing money, as if they were frozen! This situation occurred in the exchange student group in early December last year, but it happened again in the past two days for unknown reasons, and it is not certain whether it is an isolated case or a common case. It is recommended that friends who have recently come to Taiwan bring an extra UnionPay card from another bank or some cash to avoid the embarrassment of having no money. Ke Ling Ke Ling, reported by TechNode today, seems to be able to solve this problem, and they use Bitcoin.

Ke Ling Ke Ling is a multi-currency e-wallet App, currently only available in iOS version. Since Bitcoin is used as an intermediate bridge, it can ideally transfer, receive and exchange multiple currencies, with low exchange rates, no handling fees and instant arrival. Since it currently only supports CNY and TWD, it is most suitable for traveling to Taiwan or sending money to friends in Taiwan. Specific examples are as follows:

1. Top up RMB and transfer money to your Ke Ling Ke Ling account through your linked WeChat, Alipay or bank account.

2. To send money to friends, you only need to provide the mobile phone number. When sending money, RMB will be automatically converted into Taiwan dollars and arrive in your friend’s zero-denominated account in real time.

3. Withdraw to bank card. After receiving the funds, friends can withdraw them to Taiwan bank accounts, and the funds will be credited within 1-2 hours on working days.

Generally speaking, when you conduct international remittance business, you need to go to the bank to queue up and fill out relevant forms to make overseas remittance. The cumbersome process may even make you wonder if the global village is a false concept, and the fixed fee charged by the bank in this process will also make you feel painful (two-way charge), usually around 150-200 yuan.

In terms of exchange, Ke Ling Ke Ling uses an internal algorithm to give users a real-time exchange rate (updated every 5 minutes based on market prices). Users can use the real-time exchange rate to exchange one currency into multiple currencies without queuing up at the bank or paying any handling fees, and the funds are usually credited to the account on the same day or T+1.

Its applicable scenarios are diverse: overseas shopping; people studying, working and living abroad sending money to family and friends; booking chartered cars and homestays when traveling, etc. Another is that the toB business is for corporate settlement. Under the premise of qualification, it can support the exchange of Chinese and foreign currencies between small and medium-sized enterprises, making international payments as convenient as domestic payments.

According to Wang Xinwei, the founder of Ke Ling Ke Ling, who introduced to TechNode: Those who have currency exchange needs are our target users. It is not difficult to see that Ke Ling Ke Ling, which started with the exchange of RMB and New Taiwan dollars, has the ambition of global international remittances. The first thing Ke Ling Ke Ling needs to do is identity verification, which is not difficult to understand. Usually we need to register, bind mobile phone numbers, and bank card users need to transfer money. In addition to traditional cross-border remittance channels, Ke Ling Ke Ling mainly uses Bitcoin to realize cross-border funds. It can achieve free domestic transfers of the same currency and no handling fees for cross-border exchange.