As an analyst with over two decades of experience in the financial sector, I find the recent developments at Wirex particularly intriguing. Having witnessed the rise and fall of numerous digital payment platforms, I can confidently say that Wirex’s approach to decentralization and user control is a game-changer.
Wirex has made available an early version of its upcoming cryptocurrency payment application to a pre-approved user group, allowing them to evaluate the platform prior to its public launch. This app is one component of Wirex’s broader decentralized payment system, designed to streamline and secure everyday transactions involving digital currencies.
The recently unveiled app, Wirex Pay, is a flexible payment network developed by Wirex and supported by the sophisticated Zero Knowledge (ZK) technology provided by Polygon.
Wirex Rolls Out New Payment App for Early Adopters
On Wednesday, the firm announced that its Wirex Pay app allows users full management of their digital resources, free from third-party meddling, by utilizing a non-custodial wallet.
In order to utilize the application, eligible users need to go through a 10-step registration procedure which includes:
Once a user has successfully registered, they will be granted access to handle and utilize their digital assets for online and retail transactions spanning various nations.
The recently unveiled application at present accommodates well-established digital currencies such as Tether (USDT), USD Coin (USDC), and what was previously called DAI (now USDS). This software can be accessed globally across 54 different countries.
For some chosen users, Wirex Pay has been introduced early as a trial run. This lets these users test out the essential functions of the app and give their input on how it can be improved. The goal is to refine the app based on this feedback before its full launch. With the broader release, users will have an effortless method for handling and spending cryptocurrency anywhere in the world.
As a fellow crypto enthusiast, I’m excited to share that we’re granting early access to our community, offering a sneak peek into the revolutionary world of future payments. I can hardly contain my excitement for you all to join in this journey! This is Pavel Matveev, co-founder of Wirex, signing off.
Gate.io Welcomes Wirex’s Native Token for Trading
Within just about a day, the new payment platform has been introduced, following Wirex’s announcement that their native token WPAY was now listed on the prominent crypto exchange Gate.io. As the company explained, this listing marks the first in a lineup of significant exchange listings set to be announced.
WPAY holders will have opportunities to engage in a variety of actions within the Wirex network, including decision-making processes. They can cast votes on suggestions, upcoming changes, and enhancements, as well as lock their tokens to accrue benefits.
Within the Wirex Pay system, the digital token functions as the fundamental unit, aiming to provide users with increased control by leveraging its decentralized infrastructure.
Wirex Expands Partnership with Visa
Currently, Wirex stands as one of the prominent crypto payment providers, striving to restore faith within the cryptocurrency sector following a dip in trust towards centralized platforms. The company boasts over 6 million clients residing in approximately 130 countries. These users have collectively executed billions of transactions using Wirex.
In July, Wirex and Visa strengthened their existing partnership to boost the use of Web3 transactions. They plan to merge Visa cards with Wirex’s payment infrastructure for users residing in the United Kingdom and the European Economic Area (EEA).
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2024-10-09 16:30