Wirex, a global firm supporting crypto payments with over 6 million users, has announced a partnership with Cenit Finance, a company in tokenomics simulation, in order “to refine and scale the tokenomics of its native utility token, WXT.”
This collaboration leverages Wirex’s recently revealed strategic pillars “for Web3 to strengthen WXT’s economic structure, with a focus on stability and growth.”
The goal aligns with Wirex’s vision to “offer smooth, secure, and efficient payment methods, including a dual-mode card that connects traditional finance with digital currencies.”
Wirex will use Cenit Finance’s simulation platform “to test and enhance WXT tokenomics.”
The ultimate aim is to develop “a community engagement model that is inclusive and interactive.”
Pavel Matveev, CEO & Co-founder of Wirex, said:
“We are excited to work with Cenit Finance to enhance our tokenomics, ensuring that WXT remains at the forefront of the Web3 revolution. This partnership will contribute to our mission of making digital currencies accessible to all.”
As Wirex keeps encouraging the community to play a part in shaping the future of online payments, this partnership with Cenit Finance shows “how working together can really make a difference in the world of cryptocurrency.”
Wirex’s next Web3 pillar will be unveiled soon.
As noted in the update, Wirex, a firm enabling digital payments, enhanced the financial landscape in 2015 with the introduction of the first crypto-enabled card.
As a Visa and Mastercard principal member, Wirex serves over 6 million customers across 130 countries, offering secure accounts for seamless storage, purchase, and exchange of multiple currencies.
With the native utility token WXT and the innovative Cryptoback™ reward program, users earn up to 8% back in WXT for transactions. Features like X-Accounts, the Wirex Wallet, and partnerships with projects like Nereus showcase Wirex’s commitment to market developments.
Expanding beyond traditional offerings, Wirex explains that it “embraces Web3 trends, providing mainstream access to DeFi and wealth management.”
With $20 billion in transactions processed, Wirex aims “to drive the mass adoption of a cashless society by facilitating easy crypto and traditional currency transactions worldwide.”
Founded in 2014 by Pavel Matveev and Dmitry Lazarichev, Wirex says that it “strives to make cryptocurrencies accessible for everyone, with a presence in London and offices globally.”