Web3 money app Wirex has unveiled the early access launch of Wirex Pay, a modular chain engineered specifically for payments. This development arrives at a time when trust in centralized platforms is waning, pushing users toward self-custody wallets.
Per the press statement, Wirex Pay has just opened early access to a selected number of users. This is an exclusive chance for early movers to experience the next generation in crypto payments, seamlessly integrating digital assets into their day-to-day transactions directly from a non-custodial wallet.
Wirex Pay empowers users with complete control over their money, enabling safe and fast online or in-store transactions in more than 200 countries. Without any intermediaries, it allows users to stay in full control of their assets, making crypto payments effortless.
Key benefits with Wirex Pay include smooth crypto payments, making instant settlement with digital assets possible. This is in addition to full control over the management and spending of crypto through their non-custodial wallet. Security and privacy are improved because asset ownership remains with the owner, not some intermediary.
Wirex Pay’s impact on crypto payments
Pavel Matveev, Co-Founder of Wirex Pay, stated:
Wirex Pay represents a significant step forward in the evolution of crypto payments. We’ve removed the barriers between crypto and everyday transactions, giving users the power to spend their assets freely and securely.
In the wake of companies like FTX and Celsius collapsing, he said that trust needed to be rebuilt. He adds that the platform gives its users full control of their funds via private keys and multi-signature methods.
Eligible users can access the system by following a 10-step process. It involves ordering a non-custodial card, going through KYC verification, connecting a crypto wallet, and making a deposit. For now, Wirex Pay accepts top-ups and makes payments with Tether, USD Coin, and Dai in almost 54 countries while excluding the United States.
