The WTK token has recently drawn the interest of the XRP Army following WadzPay’s inclusion as a participant in a digital asset conference where Ripple is also set to participate.
In a recent post, XRP community member Minus Wells, CEO of M&M Network Security, expressed admiration that WadzPay (WTK) will participate in the 2024 edition of The Digital Currency Conference.
He specifically called attention to the fact that WadzPay will partake alongside crypto payment giant Ripple in the summit.
On this premise, Wells proposed a speculative scenario where WadzPay could capture a significant market share in the distributed ledger technology payment landscape.
“Could the underdog capture some market share in the DLT payment space,” Wells speculated. He highlighted factors that may contribute to WadzPay’s rise in prominence in the crypto payment scene.
It's nice to see @WadzPay listed alongside #Ripple at The Digital Currency Conference
Could the underdog capture some market share in the #DLT payment space? Let's dive into what lies under the Wadzpay chain's hood
🔶 Tested at 75k TPS
🔶 Smart Contracts
🔶 Privacy
🔶… https://t.co/ZXJn2QGRPU— ᙢinus ᙡells (@MinusWells) February 12, 2024
Per the disclosure, WadzPay’s crypto payment technology, leveraging WTK, underwent testing and demonstrated a throughput of 75,000 transactions per second.
Additionally, Wells pointed out that the project boasts native support for smart contracts, a feature presently unavailable on the XRP Ledger. Furthermore, he highlighted WadzPay’s incorporation of built-in privacy services and multi-chain interoperability.
Other notable features credited to WadzPay include its three-second finality and transaction fees as low as $0.000001.
WTK Has a Lower Market Cap than XRP
Considering the outlined features, Minus Wells expressed surprise that WTK’s crypto market share is incredibly lower than that of XRP.
Specifically, data from market tracking resources suggest that WTK has a market cap of $13,082,411 at the time of reporting. The coin recorded a 24-hour trading volume of $1,169,630.
In contrast, XRP boasts a market valuation of $28.89 billion, with a 24-hour volume of $983 million. Essentially, WTK’s crypto market cap is about 2,208 fold lower than that of XRP.
2024 Digital Currency Conference
Notably, the Digital Currency Conference (DCC) stands out as a leading event dedicated to exploring the technological and design dimensions of Central Bank Digital Currencies (CBDCs).
This conference serves as a platform uniting policymakers, regulators, and technology innovators to delve into various facets of digital currencies.
The 2024 edition will occur in September, featuring Ripple, WadzPay, Visa and other prominent global entities.
In light of WadzPay’s participation, discussions have risen regarding its WTK token being overlooked by crypto market players.
Some believe WTK holds the potential to rise to prominence in the coming months, especially considering the summit’s participation from numerous central banks.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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