Wirex Integrates with Avalanche

Published on: 02.03.2022

Avalanche is now accessible to 4.5 million users across Wirex App, Wallet & Payment ecosystem.

Wirex, a crypto-friendly payments app, has expanded its ecosystem to enable 4.5 million users to access the Avalanche blockchain and tokens in the recently launched Wirex Wallet and award-winning app. By adding support for Avalanche natively in the application, Wirex is enabling mainstream users to access DeFi easier than ever before. Starting today, Wirex app users will be able to purchase AVAX with their debit/credit card with the best in-market rates, seamlessly exchange it, and easily send and receive AVAX to and from any other wallet.

Linked up to a crypto-enabled debit card, heralded the first of its kind, users can spend AVAX plus up to 61 crypto and traditional currencies on the Wirex platform, at over 61 million locations globally. Having recently launched their popular DeFi savings product, X-Accounts, users will also be able to earn up to 20% AER interest on AVAX, with no lock-up period, minimum holdings or monthly fees.

Both Ava Labs, a team supporting development of the Avalanche blockchain, and Wirex, have worked with renowned payment technology company, Mastercard, to help make this a reality. Wirex became the first crypto-native principal member in 2020, and Avalanche became a member of their Mastercard Start Path Crypto engagement program in December 2021.

Wirex’s arrival in the US in January enables tens of millions of crypto users in America to access these new features, as well as the Polygon, Binance Smart Chain and Fantom blockchains that launched globally on the Wirex Wallet at the same time. With the launch of the Avalanche blockchain, Wirex plans to add multiple Avalanche-based tokens to their platform next month, building on the 33 other tokens that Wirex have added since May.

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.

Wirex was created in 2014 by CEOs and co-founders Pavel Matveev and Dmitry Lazarichev, who identified the need to open up the esoteric world of cryptocurrencies and make digital money accessible for everyone.

About Avalanche

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today.

SOURCE

https://medium.com/avalancheavax/wirex-eyes-mainstream-defi-with-avalanche-integration-6fb80c0a8f0c

 

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