Wirex is a web3 company that has launched an early-access version of its WirexPay, which offers users greater control over and security for their crypto assets.
Wirex Pay has announced that its early access is now open for users on the Node Sales Whitelist. This marks a major step in the convergence of blockchain technology and financial transactions.
Wirex Pay aims to accomplish what?
Wirex Pay was launched at a moment when the trust in centralized platforms, such as FTX or Celsius, has waned.
Wirex Pay aims to regain trust in cryptocurrency payments with a wallet which prioritizes the user’s control.
Users will no longer have to rely on intermediaries for the management of their money. They’ll be able to access private keys, as well as multi-signature features that ensure their assets remain safe.
Wirex Pay is a platform that allows you to make everyday purchases using stablecoins.
Wirex Pay currently supports USDT USDC and DAI. All of these currencies can be migrated from Ethereum to Wirex.
The built-in bridge feature allows you to transfer your assets from Ethereum to the Ethereum platform, making it accessible for those already on the Ethereum network.
Wirex Pay requires that users bridge their crypto-assets before ordering a Wirex Pay Card. Users can choose between the virtual and plastic versions.
The card is a debit card that does not require a bank account. It allows you to shop in more than 200 countries and spend your cryptos with ease.
Crypto payment systems that do not require custody
Wirex Pay was launched at the same time as a trend towards non-custodial crypto solutions.
Partnerships such as that between Mastercard, an European provider of crypto payment infrastructure, and Mercuryo, who aim to support non custodial cryptocurrency wallets, are a good example.
Wirex Pay uses non-custodial wallets to ensure that the users retain full control of their assets, without the involvement of third parties.
Non-custodial Wallets are different from traditional wallets where the funds are handled by an entity such as a financial institution or exchange. They give their users private keys to protect and manage their money.
Wirex Pay also uses multi-signature technologies to increase security and add an additional layer of protection from unauthorized transactions.
Pavel Matveev is the co-founder and CEO of Wirex Pay. He highlighted the fact that the platform’s goal is to eliminate barriers between cryptocurrency assets and everyday payments.
Wirex Pay offers more transparency and control than central platforms by allowing users to set spending limits.
Wirex Pay is a solution that can be used for daily crypto transactions in a world where decentralized financial (DeFi), and transparent systems are becoming more important.
The platform’s user-first philosophy could change the way digital assets are integrated in daily financial transactions. It would also set a new standard of security, convenience and freedom for the Web3 age.
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