Wirex and Crossmint Join Forces to Revolutionize Stablecoin Payments Across Multiple Chains

Wirex and Crossmint Collaborate for On-Chain Payment Innovation

In a groundbreaking move in the digital finance sector, Wirex has partnered with Crossmint to expand its stablecoin-based payment infrastructure. This collaboration is poised to unlock new possibilities for payment solutions across non-Ethereum Virtual Machine (EVM) chains, beginning with Stellar. This strategic alliance signifies a pivotal moment in the evolution of stablecoin payments, establishing Wirex as a leader in the conversion towards seamless multi-chain payment systems.

Wirex has long been recognized as a prominent player in the stablecoin payment arena, renowned for its innovative non-custodial payment architecture. By harnessing Crossmint's advanced technology, they are now set to introduce comprehensive stablecoin payment capabilities on previously underserved non-EVM chains. This approach aims to eliminate fragmentation in the payment networks, facilitating smoother transactions across multiple blockchain environments.

A New Era of Payment Solutions

The enhancement of Wirex's infrastructure will allow it to support on-chain card payments, enabling users to access a banking-grade stablecoin settlement system. Moreover, this will enable broader merchant acceptance, offering users the ability to participate in real-time, programmable value transfers effortlessly. Daniel Rowlands, General Manager at Wirex Pay, emphasized the significance of this partnership, noting, "Partnering with Crossmint allows Wirex to bring our stablecoin infrastructure to non-EVM chains at scale. This is a major milestone in our mission to make stablecoin payments truly multichain, programmable, and ready for the next generation of Web3 banking."

Through this deal, Wirex can implement its suite of payment technologies on Stellar and similar networks, ensuring that the same standards of programmability, compliance, and security present on EVM chains are upheld.

Key Features of the Partnership

1. Unified Smart Account Infrastructure: Crossmint's sophisticated framework will enable Wirex to streamline blockchain interoperability and enterprise-grade deployment, facilitating a more cohesive user experience.
- Users will benefit from a cohesive experience across multiple non-EVM chains, ensuring accessibility and ease of use.

2. Fast Deployment: There will be a rapid deployment of new chain integrations, enabling Wirex to launch capabilities in weeks rather than months, with compliant structures built-in.
3. Flexible Governance and Management: Crossmint will allow Wirex to orchestrate smart accounts across various non-EVM chains through a single SDK, providing multi-signature options and smart automation without user interference.
- This feature simplifies governance models, facilitating a hands-off approach for users while ensuring robust security measures are enacted.

4. Integration of APIs: Wirex's APIs can be integrated directly into Crossmint's SDK, providing instant access to Wirex's stablecoin framework for Crossmint's partners, thus expanding the reach and utility of Wirex's offerings.

This foundational partnership not only sets a new standard for stablecoin transactions but also presents vast opportunities for businesses across diverse sectors to leverage stablecoin technologies. As Wirex seeks to accelerate the adoption of stablecoin infrastructure, potential benefits include fully on-chain and non-custodial stablecoin accounts, global acceptance through over 80 million Visa merchants, and frictionless fiat to stablecoin conversions at zero spreads.

Rodri Fernández Touza, Co-Founder of Crossmint, echoed the importance of the collaboration, stating, "Wirex is setting the standard for non-custodial stablecoin payments. By integrating their infrastructure directly into our SDK, any Crossmint customer can now build global, compliant, and programmable payment experiences—regardless of chain."

The Road Ahead

With this partnership, non-EVM chains will gain the same payment tools and advantages historically reserved for Ethereum-based environments, fundamentally transforming their capabilities. By creating an ecosystem where traditional barriers are reduced, Wirex and Crossmint are set on a path to accelerate the adoption of digital finance, enhancing user experience and expanding market opportunities.

As this collaboration unfolds, it stands as a testament to the power of partnerships in the fast-evolving world of digital finance. Wirex continues to lead the charge towards a cashless society, aiming to simplify transactions while pushing the boundaries of what’s possible in the realm of Web3 banking.