Wirex, a Web3 money app, is pleased to introduce early access to WPay, which is describe as a decentralized payment network, utilizing the capabilities of the Wirex platform.
WPay reportedly solves problems “related to intermediaries, custody risks, and slow, expensive settlements.”
With WPay, users can take advantage of a smoother and “more secure payment experience, marking a significant advancement in simplifying financial interactions.”
Targeting so-called “decentralized” applications or dApps, non-custodial wallets, and DAOs, WPay provides “a transformative solution in the digital finance landscape.”
Key value propositions of WPay:
- Self-Custody: Gain direct control over assets with the WPay Card, mitigating counterparty risk.
- Digital Asset Flexibility: Easily manage digital assets, lending, and borrowing.
- Security: Take advantage of the “highest security” standards for peace of mind.
- Instant Spending: Utilise crypto as simply as cash, accepted by over 50 million merchants in more than 200 countries.
With the WPay self-custodial debit card, users can “spend their digital assets in the traditional economy through the WPay network.”
Accepted by over 50 million merchants in “more than 200 countries, the card enables users to have direct control over their assets, ensuring no counterparty risk.”
Pavel Matveev, CEO and Co-founder of Wirex, said Wpay is bridging the gap between digital assets and everyday transacdtions.
As noted in the update, Wirex claims that it is “a global leader in 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 says that it “serves over 6 million customers across 130 countries, offering secure accounts for seamless storage, purchase, and exchange of multiple currencies.”
Expanding beyond traditional offerings, Wirex 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 strives “to make cryptocurrencies accessible for everyone, with a presence in London and offices globally.”
