With your Wirex virtual card, you can make payments without having to use cash or a physical card. You can also set spending limits and track your transactions in real-time. Plus, our virtual cards are accepted anywhere where your physical card is accepted!  As Wirex Virtual Card Launches in Australia

That’s not all. You will still get Cryptoback™ rewards at the same rate at which you do with your physical card – same rewards, less fuss. Plus, it can be yours in no time!

Wirex Card

The ultimate solution for spending crypto and stablecoins. With Wirex, you can enjoy seamless transactions, earn up to 8% Cryptoback™ every time you spend, and stay in control of your card’s security.

• Earning – Spend more, earn more with Cryptoback™. Earn up to 8% Cryptoback™ on all purchases made with your Wirex card. Your Cryptoback™ rewards will be instantly deposited into your Wirex account.
• Quick and Easy – No ATM and FX fees Up to $200 fee free ATM withdrawals globally. No annual and foreign exchange fees.
• Savings – Exclusive offers. Get fantastic deals and discounts with your Wirex сard.

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About Wirex

Wirex is an innovative app and payment card that allows users to seamlessly send, receive, exchange and spend a range of digital and conventional currencies.

Website | Twitter

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SOURCE: WIREX BLOG

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User can tlchoose to multiply that loan to increase the potential rewards. This feature will help users to grow a small portion of their assets using the Barbell Strategy. As Wirex launches The Multiply.

What is Wirex Multiply?

Lets you multiply your funds, capitalising on crypto market volatility. If you’re looking to grow a certain portion of your portfolio, Multiply gives you ultimate flexibility and control over your risk level.

Depending on your financial strategy, Multiply helps you to buy or sell more crypto with the help of a loan. From there, you can use that loan to get more loans, giving the potential for huge returns.

How to start?

You’ll need to deposit funds as collateral, although this doesn’t have to be in the same as the currency that you’re trading. The largest amount you will ever risk losing is the amount you initially deposit. Similarly, any profits (minus fees) made will be paid out in the same currency which you deposited it in.

Once you’ve selected a currency to take out a loan, this will form part of a trading pair, whose price it is pegged and compared to.

You’ll then choose how much you want to multiply this by, which increases the number of loans in it and makes it more responsive to price changes.

What is the Barbell Strategy? 

There are many financial growth strategies out there; The Barbell Strategy from Nassim Taleb is one of them. Wirex Multiply is one of Wirex’s high-yield wealth products, which allows you to utilise the barbell strategy for trading.

The Barbell Strategy is a trading method involving users investing the majority of their portfolio in safer, long-term investments, whilst a small amount is used to invest in short-term, higher-risk investments.  

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About Wirex

Wirex is an innovative app and payment card that allows users to seamlessly send, receive, exchange and spend a range of digital and conventional currencies.

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SOURCE: WIREX BLOG

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X-Accounts Plus is a new feature offering users the choice to earn higher interest rates by depositing their funds for a fixed period of time. As Wirex Launches X-Accounts Plus.

What is X-Accounts?

X-Accounts is hugely popular passive income tool that allows users to earn up to 20% APR. It’s never been easier to earn unprecedented interest rates on traditional and cryptocurrencies, utilising their industry-leading user interface to provide a convenient way to grow your funds.

X-Accounts gives users the ultimate control. Unlike traditional banks that offer low interest rates, difficult barriers to entry and limits on what you can and can’t leave in a savings account, X-Accounts has no fees attached, low minimum thresholds, and the ability to withdraw at any time. Plus, you can open 10 X-Accounts at once to really take advantage of those benefits.

What is X-Accounts Plus? 

X-Accounts Plus offers you supercharged interest rates for depositing your funds for a set amount of time.

Basic X-Accounts product, now known as X-Accounts Flexible, allows you to withdraw your funds at any time. But now, you can choose to deposit their funds in X-Accounts Plus for 30 days to receive premium APR rates. As before, these rates vary depending on the asset you deposit, and the X-tras tier membership you have.

It’s super easy to claim back afterwards. Once the 30 days has ended, these funds will be unlocked and users rates will return to the lower X-Accounts Flexible rates.

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About Wirex

Their ecosystem has been developed to create optimal use cases for both the fiat and digital-first financial environments. We believe that the future of money will be driven by three factors: increasing equilibrium between fiat and digital systems (e.g., seamless transactions between the two), the scaling effect of mainstream participation in DeFi and mainstream financial institutions adopting the innovative products and services that arise from the maturation of Web 3.0 and the metaverse.

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SOURCE: WIREX BLOG

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Wirex proudly introduces a new payment method for its users to top-up and withdraw from their accounts.

The addition of SEPA Instant and Faster Payments will mean customers in the UK and EEA. Can transfer British Pounds and Euros more easily between their Wirex and bank accounts.

Wirex’s mission has been to enable everyone to access the benefits of crypto. And giving their 5 million customers complete control over managing their funds is a vital part of that.  Wirex has partnered with digital payment infrastructure provider, Modulr, to introduce popular deposit and withdrawal methods, SEPA and Faster Payments, to their UK and EEA users. In addition to the debit/credit card, the top-up method is already offered. This will give customers more flexibility to choose how they wish to transfer funds in and out of their Wirex account, instantly and at no cost.

With even more ways to transfer funds in. Users can instantly begin buying, holding, exchanging or selling multiple traditional and cryptocurrencies from within the intuitive Wirex app. Alternatively, they can then spend these currencies in everyday life at over 80 million locations globally using the Wirex Mastercard.

About SEPA (Single Euro Payments Area)

SEPA is a popular method for bank transfers and will provide an easy on/off-ramp for UK and EEA Wirex users to move EUR directly between Wirex and their bank account. Every user activating a Euro wallet within the Wirex app. Can access a unique IBAN and BIC for transferring from their bank account to Wirex. As well as send Euros to compatible bank accounts.

Faster Payments allow UK users to instantly send and receive GBP to/from their Wirex and bank accounts. A top-up method rarely offered by competitors, users will get their own unique sort code and account number from Wirex. And can benefit from high transaction limits and zero fees.

Pavel Matveev, CEO and Co-Founder, said: “Offering additional choice and flexibility with the introduction of new top-up and withdrawal methods puts our Wirex users in charge of their money.  The UK and EEA regions make up the majority of our customer-base,. Ad with SEPA and Faster Payments being widely used, we know that this change will have a huge impact on them.”

In the coming weeks, Wirex will roll out Plaid, an additional, well-known top-up and withdrawal method across the UK, EEA and US regions.

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.

Website | Twitter

SOURCE

https://www.prnewswire.com/news-releases/wirex-introduces-sepa-instant-and-faster-payments-as-top-up-methods-301607889.html

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1inch is a DeFi aggregator that finds the most efficient swapping routes across all leading decentralised exchanges – and therefore the very best rates! As 1inch is now live on Wirex Wallet.

Enabling it in the Wirex Wallet means token swaps just got even cheaper and easier. Here’s what you can do with it:

• Swap tokens straight in the Wirex Wallet app – you don’t need a desktop or mobile browser to access 1inch.
• Get the best rates going for on-chain swaps.
• Make the most of on-chain swaps on the multiple different blockchains supported in the Wirex Wallet

What is 1inch Limit Order Protocol

1inch limit order protocol is a set of smart contracts, that can work on any EVM based blockchains (Ethereum, Binance Smart Chain, Polygon, Arbitrum, Optimism, Gnosis chain, Avalanche). Key features of the protocol is extreme flexibility and high gas efficiency that achieved by using two different order types – regular Limit Order and RFQ Order.

Smart Contract allows users to place limit orders and RFQ Orders, that later could be filled on-chain. Both type of orders is a data structure created off-chain and signed according to EIP-712.

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About 1inch

The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space by offering access to hundreds of liquidity sources across multiple chains. Since then, 1inch Network has developed additional DeFi tools such as the Liquidity Protocol, Limit Order Protocol, P2P transactions, and 1inch Mobile Wallet.

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About Wirex

Gives you instant access to a wide variety of crypto and traditional currencies in the palm of your hand, unbeatable OTC exchange rates, DeFi-powered earning and next-gen rewards..

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SOURCE

https://wirexapp.com/blog/post/you-can-now-access-1inch-in-the-wirex-wallet-0625

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it’s now ready and waiting to be bought, swapped, sent or used to unlock DeFi staking and earning.

In case you missed it, Nereus Finance, a decentralized lending technology, is the creator of NXUSD. It is based on the Avalanche blockchain and has a soft-peg to the US dollar.

NXUSD Listed on Wirex Wallet, You may obtain very high DeFi yields in the Wirex Wallet using NXUSD in addition to a best-in-class borrowing experience on the Nereus platform.

Transferring money across wallets couldn’t be easier than the three procedures shown here.

1. If you haven’t already, download the Wirex Wallet using the link below.
2. Go to the Actions tab and choose the Send or Receive icon.
3. To send it, choose NXUSD in From and enter the recipient’s address in To.
4. To receive it, swipe left or right to locate your NXUSD address, then share the QR code with the sender.

Get the app now to discover everything you can do with NXUSD.

About Wirex Wallet

The Wirex Wallet is a super-secure, non-custodial way to send, store and receive digital assets. Introducing keyless security, biometric backup, multi-blockchain capability and seamless integration with DeFi protocols. Customers of Wirex are able to spend their crypto anywhere that accepts card payments, making it an ideal option for cryptocurrency consumers.

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About Nereus Finance

SOURCE:

https://wirexapp.com/blog/post/nxusd-is-now-live-in-the-wirex-wallet-0617

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Wirex, a worldwide digital payment platform and regulated institution, launches crypto-backed credit. Users can easily borrow up to $100,000 in stablecoins, with a loan to value (LTV) of up to 80% within the Wirex app.

Crypto loans have become hugely popular in recent months due to their advantages over traditional loans. Wirex’s core aim is to bring the benefits of DeFi to the mass market, and Wirex Credit adds new use cases for crypto to their 5 million customers

The product enables users to gain access to credit regardless of market conditions. Whether that earning funds from investing into DeFi protocols or purchasing a getaway using the Wirex card. Furthermore, as the first company in the world to develop a crypto-enabled card, it’s link up to the award-winning Wirex app. Meaning credit can be spent at over 80 million locations globally, in-store or online, wherever Visa or Mastercard is accepted.

Wirex Credit is set to shake up the competitive landscape, offering a near-instant loan of up to $100,000 issued in USDC, USDT and NXUSD, with a LTV of up to 80% within the Wirex app. There will be no origination fee, set up fee, or requirement for credit and affordability checks, and users can borrow up to 5 lines of credit at once. However, Wirex offers complete flexibility; customers can pay back at any time and they are only require to pay interest for the days that the credit line is live.  Where credit health can easily be check in-app.

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.

Website | Twitter

SOURCE

https://www.prnewswire.com/news-releases/wirex-launches-crypto-backed-credit-301580265.html

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