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Crypto payment firm Wirex has introduced its new payment platform allowing users to manage and spend their digital assets in real-time through non-custodial wallet.
Key Notes
Wirex has unlocked access to its new payment app for selected users, allowing them to purchase in-house items and other products outside the platform through non-custodial wallet.The Wirex Pay platform is currently available in 54 countries across the world with the exclusion of the United States.Users can spend their USDT, USDC and the USDS stablecoin on the platform.Wirex has launched early access to its new crypto payment app, allowing a select group of whitelisted users to test the platform before its official release. The app is part of the company’s broader decentralized payment network, which aims to make everyday crypto transactions more efficient and secure.
The newly launched app Wirex Pay is a modular payment chain incubated by Wirex and powered by Polygon’s advanced Zero Knowledge (ZK) technology.
Wirex Rolls Out New Payment App for Early Adopters
In an official press release published on Wednesday, the company said the Wirex Pay app gives users complete control of their digital assets without third-party interferences through their non-custodial wallet.
To use the app, qualified users must complete a 10-step registration process that involves requesting a non-custodial plastic or virtual card, undergoing Know Your Customer (KYC) verification, linking a crypto wallet, and funding their account with support cryptocurrencies.
After the successful registration, the select users can manage and spend their digital assets for both online and in-store purchases across different countries.
The newly launched app currently supports stablecoins like the USDT, USDC, and USDS (formerly known as DAI). The platform is available in 54 countries in the world.
The rollout of the Wirex Pay for early adopters allows selected users to explore the app’s key features while providing feedback to improve the platform. The company aims to use this feedback to fine-tune the app for a broader launch, which will offer a seamless way for users to manage and spend their crypto worldwide.
“We’re thrilled to offer this exclusive early access to our community and can’t wait for everyone to experience the future of payments,” said Pavel Matveev, co-founder of Wirex.
Gate.io Welcomes Wirex’s Native Token for Trading
The launch of the payment platform comes less than 24 hours after Wirex announced the listing of its native token WPAY on the crypto exchange Gate.io. According to the firm, listing the digital asset on the platform is the “first in series of tier-1 exchange listings” to come.
Holders of WPAY will be able to participate in various activities on the Wirex network, such as governance. Users can vote on proposals, future updates, and upgrades and even stake their tokens to earn rewards.
The digital asset will serve as the core token within the Wirex Pay ecosystem, designed to empower users through its decentralized network.
Wirex Expands Partnership with Visa
Meanwhile, Wirex is one of the leading crypto payment platforms working to rebuild trust in the crypto industry following the decline in trust in centralized platforms. The firm currently commands more than 6 million customers spread across 130 countries. These users have processed a total of ne, Wirex a in transactions.
In July, Wirex and Visa expanded their long-standing partnership to bolster the adoption of Web3 payments. Both companies will explore integrating Visa cards into Wirex’s payment system for users in the UK and the European Economic Area (EEA).
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Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
