A fast-growing decentralized payment network, Wirex Pay has initiated early access to its cryptocurrency payment application for some selected whitelist users. The firm made the disclosure on Wednesday via a press statement indicating the newest development toward the launching of the Wirex Pay app.
Through the app, the platform promises to lead the next era of cryptocurrency payments by incorporating virtual assets into day-to-day payment systems. Further, with this innovation, the firm is offering crypto enthusiasts the opportunity to spend their digital assets even directly from their non-custodial wallet.
It’s worth mentioning that Wirex, the popular cryptocurrency lender, incubated Wirex Pay to give users the financial freedom to spend their virtual assets across 200 countries through a fast and secure platform. The application is designed to eliminate the reliance on third parties, giving users full control over their assets while allowing them to make crypto payments easily.
Meanwhile, the co-founder of Wirex Pay, Pavel Matveev regarded the innovation as a huge step forward in the evolution of crypto payments. The top executive discussed how the platform has eliminated the barrier between cryptocurrency payment and day-to-day transactions.
Additionally, the co-founder expressed confidence in the firm in allowing crypto enthusiasts to spend their assets freely and securely. Pavel Matveev revealed that the solution is glad to provide exclusive early access to its community.
Side Note on Wirex Pay
Wirex Pay is a decentralized payment system with an in-built ID verification to give users full control over their assets. More so, the platform is on an ambitious journey to bridge the gap between blockchain innovation and real-life transactions.
Similarly, the solution is powered by the advanced Zero Knowledge (ZK) technology of Polygon enabling the platform to seamlessly combine TradFi with blockchain. Thanks to the integration of these innovations, the platform presents itself as a decentralized, gasless, and on-chain payment infrastructure.
Recently, Wirex Pay revealed the tokenomics of its native token, WPAY. According to reports, the unveiling of the token distribution represents a step towards the mainnet launch of the Wirex Pay app. Furthermore, the project intends to use the WPAY token for the governance of its protocol, allowing holders to participate in the Wirex Pay DAO.
While they can influence future decisions relating to the project, WPAY also comes with a staking mechanism that allows investors to earn passive income.
Read More: