Introducing wave.space

Felix Billert
·
December 5, 2024
·
5
min read
NEWS

Today marks a significant milestone as we unveil wave.space — a revolutionary platform designed to empower Europeans to fully embrace Bitcoin as their preferred form of money. In an era where economic landscapes are rapidly evolving, our mission is to equip you with all the tools necessary to make the transition to Bitcoin seamless and convenient. Whether you're looking to diversify your assets or adopt Bitcoin wholeheartedly amid an increasingly inflationary economic environment, wave.space is here to support your journey.

Why Bitcoin, and why now?

Over the past decade, certain undeniable truths have become apparent, reshaping how we think about money and value:

1. The persistent erosion of fiat currency 

Our global economy relies heavily on the creation of new money through debt. Central banks often set interest rates—the cost of capital—below what the free market would dictate. This practice encourages borrowing and stimulates short-term economic activity, but it also leads to trade imbalances and spurs a race among nations to devalue their own currencies the most. Moreover, political parties and governments have an incentive to increase spending to win votes, prompting them to borrow more and more money. This escalation contributes to soaring government debt—exemplified by the USA's nearly 36 trillion USD liability. The only ways for governments to address this debt are to increase taxation, implement severe austerity measures, or print more money to inflate the debt away. Since the first two options are politically unviable and potentially disastrous, inflating the debt becomes inevitable. Essentially, money is being printed at an unprecedented rate, diminishing its purchasing power over time.

2. Bitcoin as the ultimate store of value

In stark contrast, Bitcoin has a fixed supply capped at 21 million coins. This scarcity is built into its design, making Bitcoin a compelling option for preserving and potentially increasing your wealth in Euro terms over the long term. Despite the proliferation of new cryptocurrencies, Bitcoin remains the crypto asset with the largest amount of "value saved." Its success isn't due to constant technological updates but rather its foundational principles: fair distribution, robust security through Proof of Work, extreme decentralization, resistance to social engineering attacks, and the largest and most resilient network in the cryptocurrency space. These attributes make Bitcoin the most secure, reliable, and lowest-risk cryptocurrency available—a solid hedge against the continuous debasement of fiat currencies.

3. The importance of self-custody

You've probably heard the saying, "Not your keys, not your coins." This phrase underscores a critical principle in the crypto world: if you don't hold the private keys to your cryptocurrency, you don't truly own it. History is replete with examples of third-party custodians being hacked or engaging in fraudulent activities, resulting in substantial losses for investors. Moreover, relying on intermediaries renders the main promise of crypto useless—to not have an intermediary between you and your "capital," either in access or arbitrary valuation terms. By holding your own crypto in a self-custodial wallet, you maintain full control over your assets, ensuring they are protected from external risks and staying true to the decentralized ethos of cryptocurrency.

Bridging Bitcoin and the Euro

While Bitcoin's popularity as an investment asset continues to soar, its adoption as a means of payment in Europe hasn't kept pace. One reason is that Europe's financial services industry is among the most robust and cost-effective in the world. The convenience of card payments has surged since the onset of COVID-19, and virtually all young Europeans have bank accounts. Systems like the Single Euro Payments Area (SEPA) make Euro transactions fast and inexpensive, thanks in part to regulations capping interbank fees at just 0.2%. This efficiency makes the traditional banking system hard to beat for everyday transactions.

However, an increasing number of Europeans are turning to Bitcoin as a savings vehicle. For instance, someone who allocated just 5% of their investment portfolio to Bitcoin in 2020 might now find that Bitcoin comprises 35% to 50% of their total wealth, due to its substantial appreciation. While the existing payment infrastructure is efficient, it doesn't offer protection against economic uncertainties and the continuous devaluation of the Euro. Bitcoin provides a viable hedge against these challenges, prompting more people to consider it not just as an investment, but as a key component of their financial lives.

Our mission at wave.space

Recognizing this shift in financial priorities, we are committed to providing European Bitcoin users with all the tools they need to fully embrace Bitcoin as their money of choice. Our goal is to enable you to live as comfortably and effortlessly as you did before, whether you're partially investing in Bitcoin or holding a significant portion of your wealth in it. By offering all the financial services you're accustomed to—now compatible with Bitcoin—we empower you to make it a practical part of your daily financial life.

At wave.space, we build the tools you need to fully embrace Bitcoin.

Introducing wavelink and wavecard

wavelink — LIVE now!

We're excited to introduce wavelink, our first product that acts as a two-way bridge between your Bitcoin wallet and your personal bank account. With wavelink, you can exchange Bitcoin and Euros between your self-custodial wallet and bank account in seconds—no need to hold EUR or BTC on exchanges, risking your capital. Whether you're looking to convert Bitcoin gains into Euros for spending or invest Euros from your bank account into Bitcoin, wavelink makes the process seamless and fast. Plus, with all transfers done in your own name, there are no more blocked deposits or withdrawals—no bank can censor you when buying or selling Bitcoin.

wavecard® — early access coming soon

Our second product, wavecard®, is set to revolutionize how you spend Bitcoin. By depositing Bitcoin into your wave.space account, you'll gain immediate access to over 130 million VISA merchants worldwide. Spend Bitcoin anywhere, anytime, without the need to manually convert it into Euros. Wavecard® bridges the gap between your Bitcoin holdings and everyday spending, making Bitcoin as convenient to use as traditional currency.

Looking ahead

But we're not stopping there. Our vision extends beyond these initial offerings. We aim to provide all the tools, services, and benefits you're used to from traditional neobanks, enhanced by the advantages of Bitcoin. Through established partnerships, we'll enable you to:

  • Borrow Euros Against Your Bitcoin: Instead of selling your Bitcoin to meet spending needs, you'll be able to borrow Euros using your Bitcoin as collateral, allowing you to retain your investment position.
  • Earn Rewards: Enjoy cashback and other incentives when using our products, giving you more value with every transaction.
  • Access Premium Benefits: Benefit from travel insurance, exclusive discounts, priority customer support, and other perks you're accustomed to—now with a Bitcoin twist!
  • Wavecard® Connect: Connect your self-custodial wallet with your wavecard, unlocking a discretionary spending balance on your card while keeping the rest of your balance safe in your own wallet.

...and much more is on the horizon.

Join us in embracing the future of finance

We're thrilled about our mission to provide you with all the tools you need to go all-in bitcoin Bitcoin as your money of choice. With wavelink launching today and wavecard entering early access in the coming weeks, now is the perfect time to take control of your wealth, protect it against inflation, and participate in the future of finance.

Ready to make the leap?

Join wave.space today and embark on your journey toward financial freedom with Bitcoin. There's never been a better time to dive in and experience the benefits of integrating Bitcoin into your everyday financial life.

Embrace the future. Live on Bitcoin.
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