Web3 isn’t just a buzzword. It represents the future of the internet, where decentralisation, security, transparency, and efficiency are at the core. As we move further into this new era, businesses and users alike should prepare for the transformative changes Web3 brings.
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Let’s take a closer look at why Web3 offers significant advantages compared to Web2.

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Web 2’s Centralised Networks vs Web 3’s Decentralisation
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Web2 operates on centralised networks where every online transaction, data sharing, or service is mediated by trusted third parties. This leaves users reliant on centralised entities for access, security, and trust.
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In contrast, Web3 utilises decentralised networks that empower users with control over their data, transactions, and identities. With Web3, there's no central authority, allowing for greater transparency, trust, and user autonomy.

Web 2’s Basic Interoperability vs Web3’s Increased Interoperability

Web2’s lack of seamless integration between platforms creates user friction—multiple logins, inconsistent user experiences, and irrelevant marketing.
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Web3 offers a unified, interoperable ecosystem, where users can move seamlessly between decentralised applications (dApps), interacting with different services without losing privacy or control. Web3 promotes cross-chain compatibility and decentralised identity management, enhancing the user experience and providing greater freedom.

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Web 2’s Control of Personal Data vs Web3’s Freedom

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Web2 has often raised concerns about how personal data is used. Every click, search, and transaction is tracked and monetised by centralised platforms.
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With Web3, control shifts back to the users. Decentralised identifiers (DIDs) and zero-knowledge proofs (ZKPs) enable users to decide who gets access to their data, for how long, and for what purpose. Web3 empowers individuals to manage their digital footprints without relying on corporate entities.

Web2’s Outdated Business Models vs Web3’s New Business Models and Opportunities

Web2 revolutionised the internet, but it is increasingly being viewed as an outdated framework for the modern, decentralised world. Web2 platforms are typically built on advertising models, where user data is monetised.
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With Web3, businesses have new opportunities to innovate. Web3 introduces tokenomics, decentralised finance (DeFi), and NFTs, offering businesses new revenue streams, ownership models, and ways to engage users. For example, Web3’s decentralised autonomous organisations (DAOs) allow businesses to rethink how they govern and share value, providing users with a more direct stake in the success of the platforms they engage with.

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How Baanx Helps Transition from Web2 to Web3

At Baanx, we bridge the gap between traditional finance and Web3 by providing businesses with a seamless path to integrate Web3 solutions. We help our partners unlock the power of digital assets and decentralised technologies, enabling them to offer innovative payment solutions to customers.

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• Crypto-Friendly Payment Cards
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Our Baanx-powered cards enable users to spend their cryptocurrencies in everyday life. With automatic conversion to fiat at the time of purchase, users can make transactions anywhere MasterCard or Visa is accepted without needing to sell their crypto beforehand.
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Additionally, we offer up to 2% cashback on every purchase made using these cards, helping users maximise their spending in the Web3 economy.

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• White Label Apps

Baanx provides White Label Apps that allow businesses to launch their own branded digital finance products. Our platform includes customisable modules such as card management, payment gateways, crypto-to-fiat exchanges, and more. Our apps are designed to be fully integrated into your brand and launched rapidly, giving you the ability to provide Web3 features to your customers with minimal development time.

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• Cryptodraft & Stableloan
  Offer your users easy, hassle-free borrowing through our Cryptodraft and Stableloan features. With a fast approval process and hassle-free setup, Cryptodraft and Stableloans cut the complications of borrowing, letting users access extra funds while using their crypto as collateral.
  
  A Cryptodraft offers users the ability to take out a line of credit to spend, without selling their assets. They can borrow up to 60% of their collateral value, with the first 10% LTV interest-free.
  
  On the other hand, a Stableloan offers a fixed-term loan in which users can borrow up to 50% of their collateral value for 6, 12, 18 or 24 months. Users can decide how much they want to borrow and for how long and will know how much interest to pay before taking one out, meaning no hidden fees or extra charges.
  
  
  
• Cashback Program‍
  At Baanx, we’re committed to revolutionising how you earn and spend crypto. With Baanx you can earn cashback on every purchase, whether online or in-store. Earn 1% cashback in BTC or USDT, or 2% cashback in BXX on your purchases. More crypto cashback options are set to roll out, making it easier for you to get rewards in the crypto you love. We already have a range of top companies and entities signed up, including MetaMask, Ledger, 1inch and others.

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The Future of Web3 with Baanx

Web3 is still in its early stages, but the benefits are clear—decentralised finance, ownership models, and new business opportunities are transforming the way users and businesses interact with digital assets. With Baanx, you can seamlessly adopt Web3 and offer your customers innovative products like crypto cards, loans, and custom-branded apps.
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Ready to make the leap from Web2 to Web3?
Contact us today and explore how Baanx can help you stay ahead of the curve with Web3 technology and decentralised finance solutions.

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