Digital payments platform Wirex has announced plans to integrate the AVAX cryptocurrency into its ecosystem. The company has announced that it will be adding AVAX-based tokens in the coming months.
Digital payment platform Wirex has added AVAX to its ecosystem
Avalanche is considered a flexible, smart contract platform for building custom blockchain networks and decentralized applications (especially those focused on DeFi).
Wirex announced an integration with the Avalanche blockchain (AVAX/USD). The latter has become one of the most popular blockchains on the market and is characterized by low transaction fees and high speeds.
On the other hand, Wirex is a digital payment platform that allows users to spend around 62 fiat currencies and cryptocurrencies. Wirex is also supported in over 61 million locations worldwide via the Wirex platform.
Thanks to this new development, users can trade, store and exchange AVAX tokens as well as receive their own tokens via the AVAX blockchain. Wirex has also announced plans to add various AVAX-based tokens over the next few months.
Wirex users can earn 20% annual interest on AVAX within this integrated framework via X-Accounts, the company’s DeFi savings product. The company’s app, payment and wallet platform has around 4.5 million users from more than 120 countries.
Commenting on the move, John Wu, creator of the AVAX blockchain and President of Ava Labs said:
“Wirex is moving very quickly to increase accessibility of digital assets and innovation on the public blockchain.”
Pavel Matveev, CEO and co-founder of Wirex, noted that adding AVAX to the ecosystem will help the Wirex ecosystem develop its use cases, particularly in improving blockchain accessibility.
Wirex is moving more and more towards cryptocurrency
Wirex combines the best of blockchain-based payments with innovative features to make sending money to and from your account fast, convenient and secure.
Wirex claims to have developed the world’s first crypto-based payment card in 2015. The company’s operations also moved to the United States in January, adding blockchain networks Polygon, BNB Chain, and Fantom to its system. Wirex has its own WTX utility token and crypto rewards program that offers cardholders up to 2% cashback in WXT on every transaction they make. In addition, more than $5 billion worth of transactions have been completed at the company since 2014.
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