February Update on WishMerge
In late December 2023, we initiated a test launch of our product, incorporating a cryptocurrency payment processor. By January, we successfully registered our company in the United States and established banking relationships with Mercury Bank and Stripe. Currently, we have suspended cryptocurrency payments, and it remains uncertain whether we will reintegrate this feature. Our primary goal is to ensure full compliance with laws and regulations, minimizing risks as much as possible. This necessitated the discontinuation of the cryptocurrency processor and the exclusion of countries sanctioned by the U.S.
Another significant endeavor has been integrating Stripe’s services. On our platform, users’ contributions towards wishes are managed through Stripe, and wishmakers are required to connect their WishMerge accounts to Stripe to receive funds, after our review. This integration is complex and sensitive, demanding considerable time for implementation. We anticipate completing the final tests and fully launching WishMerge in early March, aiming to attract a larger user base.
Concurrently, we are developing additional UI and UX features to be rolled out following the Stripe integration.
2024 marks a pivotal year for WishMerge, with ambitions to fulfill 10,000 wishes. If you’re new here, I encourage you to create an account on WishMerge. We will keep you updated on our progress and notify you when the product is fully operational.