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Wirex Unveils the Payment Layer for Web3

2 mins
Updated by Kyle Baird
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Wirex, a global leader in crypto payments with over 6 million users, is proud to announce its strategic vision and roadmap to become the primary payment layer for the Web3 ecosystem.

In the Web3 niche, where users have more control over their data and assets, it’s clear that there is a need for a payment solution that’s smooth, safe, and user-friendly.

Wirex has a longstanding history of bridging the gap between traditional finance and the digital realm, and today, the company is excited to unveil its ambitious plan in a new whitepaper.

Pavel Matveev, CEO & Co-Founder at Wirex, said: ‘The traditional banking systems, while robust, aren’t inherently designed for the decentralised ecosystems that Web3 champions. Wirex, with its rich legacy in innovative payment solutions, steps in precisely here. Our vision is to create a payment mechanism that aligns with the ethos of Web3 while ensuring that users, developers, and enterprises get the best of both worlds.’

Wirex’s vision, as outlined in the company’s new whitepaper, consists of five core proposals:

  1. W-Pay: ZK-powered payment focused App Chain, a revolutionary approach to payments within the Web3 space.
  2. Dual-Mode Wirex Card: Seamlessly integrating traditional finance with decentralisation.
  3. Wirex Membership Model: Curating exclusive benefits for dedicated users.
  4. Improved Tokenomics: A comprehensive overhaul of the Wirex ecosystem to promote stability and growth.
  5. Transferable Loyalty: Transforming reward systems for more engaging and rewarding user experiences.

The company will gradually unveil each of these whitepaper parts to provide the community with a comprehensive understanding of its vision and plans.

Detailed information on how community members can contribute and influence these proposals will be shared in the near future.

About Wirex 

Wirex is a worldwide digital payment platform and regulated institution that has forged new rules in the digital payments space. In 2015, the firm developed the world’s first crypto-enabled payment card that gives users the ability to seamlessly spend crypto and traditional currencies in real life.

Founded in 2014 by CEOs and co-founders Pavel Matveev and Dmitry Lazarichev, Wirex was created to make the digital economy accessible to everyone. With over 6 million customers and rapid expansion into new territories, including the US and Australia, Wirex has built out a suite of products ensuring it’s the go-to wealth management app. To reflect the growth of Web3, from 2021, the company has continued to expand their offering into the CeFi and DeFi sectors. 

Wirex website

Top crypto platforms in the US | December 2023


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BeInCrypto Team
BeInCrypto Team comprises a diverse group of experienced journalists, analysts, and crypto enthusiasts dedicated to delivering the latest news, insights, and analyses in the cryptocurrency market. Our mission is to provide accurate, unbiased, and timely information to our global audience, empowering them to make informed decisions in the ever-evolving crypto landscape.