Wirex Pay has unveiled early access to its new app, available to select whitelisted users. This launch marks a significant step in Wirex’s decentralized payment network, aimed at modernizing the use of digital assets in everyday transactions. The early phase allows users to test the system before a broader rollout, ensuring a smooth and efficient user experience.
Wirex Pay is designed to give users complete control over their digital assets through a non-custodial wallet. Key features of the app include:
Crypto Payment Capabilities: The app supports both online and in-store purchases across over 200 countries.
Elimination of Intermediaries: Users have direct access to their assets, ensuring secure and efficient transactions.
Enhanced Security: Integration of ID verification and Zero Knowledge payment chain for privacy and security.
Meanwhile, payment card provider Visa is expanding its collaboration with Wirex to promote Web 3 payments in the UK and the European Economic Area. This partnership aims to enhance payment services by integrating Visa cards and minimizing payment friction through Visa's network.
Wirex Pay offers several features to make blockchain technology accessible for real-world spending:
Real-Time Crypto Payments: Users can make instant transactions globally.
Non-Custodial Wallet Control: Users maintain complete control over their assets.
Focus on Privacy: The platform integrates advanced security features, including private keys and multisignature methods.
Pavel Matveev, Co-Founder of Wirex Pay, announced the launch, emphasizing the ease and security it brings to crypto payments. Wirex has integrated AI and human monitoring tools to tackle dark web threats and money mule accounts. Supporting Tether (USDT), USD Coin (USDC), and Dai (DAI), Wirex Pay is available in 54 countries, excluding the US.
It also facilitates Ethereum blockchain asset bridging. In collaboration with Mercuryo, Mastercard now supports non-custodial cryptocurrency wallets. Christian Rau, Mastercard’s senior VP, highlighted their commitment to enhancing self-custody wallet experiences. Wirex Pay's launch marks a significant step in mainstream crypto adoption.
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