By Cathy Breed
Web3 is already awesome. Whether you’re into crypto, DeFi, DApps or the millions of other bleeding-edge projects and creative coolness out there — decentralized life is damn cool!
But what remains frustratingly challenging is connecting Web3 goodness with IRL.
We see it a bit like a train without a station. The state-of-the-art bullet train of Web3 is building tracks and routes all over the world, making things easier and better. But while it’s colliding with the real world all the time, no one’s had the time to build the station to allow the innovators on the train to unload their wares and goods onto the platform. It’s frustrating! Web3 creators are figuratively stuck on the train, dependent on unreliable third parties to transfer payments for them.
The gap between Web3 and IRL is a growing problem and has made it hard for users and creators to transition into the decentralized world. As we prepare for a new wave of building and developing in the era of the metaverse, the need to bridge this gap has become ever more essential. That’s where Immersve comes in.
What is Immersve? Providing the station
At Immersve our mission is to democratize payments. Our philosophy is straightforward: it’s about choice. We are here to enable customers, merchants and businesses to move digital value — traditional or web3 — however they want.
Immersve provides an infrastructure that makes it possible for Web3 creators to hop off the train quickly and easily. In essence, what we provide is the station for the Web3 train, or the last stage plumbing to connect Web3 decentralized infrastructures directly to real-world payment outlets. No third parties are needed.
So how does it work?
Immersve connects point one (Web2) with point two (Web3)
- Point one: Immersve is part of the Web2 or real-world payment system by being a principal member of the Mastercard® network. This gives the Immersve infrastructure the ability to process and settle payments on the Mastercard network.
- Point two: On the Web3 side, the Immersve decentralizsed protocol runs natively on multiple blockchains (currently Polygon, Ethereum and The Root Network). This allows Immersve to connect to web3 self-custody wallets and defi protocols.
Point one and point two are connected by Immersve’s decentralizsed protocols, such as smart contracts. This seamlessly integrates Web3 with Web2 so that users can purchase goods and services using digital cash at any merchant that accepts Mastercard while retaining total control over their funds.
What are the key benefits of Immersve?
Immersve is a B2B platform, so while there are mega benefits for general crypto holders and Web3 users, it is creators and Web3 projects that will see the real returns.
As a principal member of the Mastercard® network and a registered Financial Services Provider, Immersve is able to issue a Bank Identification Number (BIN) as a BIN sponsor. This means that Web3 projects like exchanges and DApps no longer need to go to a bank or convert to fiat currency in order to complete transactions or issue a crypto native credit card. Instead, projects can simply integrate with Immersve’s APIs to bridge their application with the Mastercard acceptance network. This means project users can then transact directly from the app in a safe, secure and decentralized way, and Web3 businesses can even issue their own branded credit cards.
So why is Immersve’s issuing-as-a-service totally awesome?
- Crypto for life, not just web3: Holders of cryptocurrencies, tokens and DeFi earnings can leverage their digital assets to transact IRL, Web3 or Metaverse.
- Seamless payments: Exchanges, Dapps and other Web3 projects can support both centralized and decentralized payment experiences in a user-friendly secure way.
- API first platform: Integrating into your project is as simple as using a few lines of code. Immersve’s user-friendly API interface allows for straightforward integration with supported blockchain networks.
- MasterCard issuing: Immersve is a principal member of the MasterCard network. This partnership means we can bring together the best of Web2 and Web3 payment experiences.
Immersive and the Open Metaverse
In a nutshell, Immersve is all about enabling payments in the Open Metaverse. The Metaverse represents an evolution of the customer experience on the internet. It represents a singular, immersive and open experience where users and creators can have total ownership of their own data. This is the future of the internet and we are stoked to be part of the decentralized infrastructure that is enabling the Metaverse.
Specifically, at Immersve we are working with the largest projects in the crypto space; from exchanges to wallets and open metaverse collections, web3 infrastructure and applications. Our card issuing service and platform have been designed so that avatars and agents can transact both peer-to-peer and with merchants in the metaverse. This means that our infrastructure will help allow true payment connections between users and businesses in the Metaverse and IRL.
ABOUT IMMERSVE
Immersve is a principle member of the Mastercard network. It’s issuing as a service platform supports both centralised and decentralized payment experiences. Exchanges and dApps (e.g. web3 wallets and DeFi protocols) can easily integrate with Immersve’s APIs and smart contracts to transact anywhere Mastercard is accepted. Immersve is a registered Financial Services Provider. For more information on the APIs go to docs.immersve.com
Immersve uses decentralized protocols, such as smart contracts, to bridge web3 and web2 applications with the Mastercard network. This means that users retain control over their funds, as well as the convenience of being able to use their digital cash at any merchant that accepts Mastercard. Immersve has partnered with Mastercard Digital Identity for KYC/AML and Circle for USDC settlement.Learn more here: www.immersve.com
Follow @immersve to keep up to date with their launch updates and sign up for early access:
Discord: https://discord.gg/immersve
LinkedIn: https://www.linkedin.com/company/immersve/
Twitter: https://twitter.com/immersve
Discord: https://discord.gg/immersve
Youtube: https://www.youtube.com/@immersve
Apple: https://podcasts.apple.com/nz/podcast/immersve/id1637414840
Spotify: https://open.spotify.com/show/65NvqF4qgHGUMud0vBjciF?si=AA0yl383SO2ye3qrWJR8tQ
