#London #United Kingdom #Wirex #BASE Blockchain #Stablecoin Payments

Wirex Business Expands to BASE Blockchain

In an exciting development for the crypto and finance sectors, Wirex has announced the expansion of its Wirex Business platform to the newly launched BASE blockchain. This strategic move focuses on enhancing the capabilities of stablecoin payments, catering specifically to corporate clients worldwide.

A New Era for Corporate Payments

The integration of Wirex Business with BASE, a layer-2 blockchain developed by Coinbase, signifies a pivotal enhancement in how businesses can manage their treasury functions. This expansion not only facilitates easier access to stablecoin payments but also streamlines various financial operations such as issuing corporate cards and expense management. With the ability to utilize stablecoins like USDC and EURC, companies can now conduct transactions with the same ease as traditional currencies, thereby promoting efficiency and adaptability.

Key Features of Wirex Business on BASE

The collaboration introduces several key features aimed at improving the overall corporate banking experience:

• - Corporate Bank Accounts: Wirex Business allows organizations to set up corporate bank accounts capable of holding both fiat and stablecoins. This empowers businesses to fluidly manage and convert their funds based on operational needs.

• - Corporate Visa Cards: With the new offering, clients can now issue corporate Visa cards to employees and contractors. These cards are functional globally, enabling payments at over 80 million merchants across more than 200 countries. The integration of stablecoins into the payment infrastructure ensures hassle-free spending without currency conversion delays.

• - Payroll Cards: The introduction of payroll cards is another benefit, allowing for efficient payments to staff in stablecoins. This feature serves as a practical solution for companies aiming to streamline their payroll process while minimizing costs.

• - Stablecoin Payments: The BASE blockchain facilitates seamless stablecoin payments, giving businesses a modern and innovative method for purchasing goods and services—all while ensuring transparency and speed.

A Strategic Move towards Web3 Integration

Wirex Business's advancement to BASE is only the beginning. The company envisions a deeper strategic alliance with BASE and Circle, with plans for broader initiatives in 2025. By working together, these teams seek to revolutionize how businesses utilize digital currencies in their operations. The goal is to create a world where digital dollars are as commonplace as traditional ones, transforming everyday transactions for companies worldwide.

Ambitious Crosschain Prospects

Wirex has not only set its sights on BASE but also has an ambitious crosschain vision. The company plans to expand its services to several other major blockchain networks within this year. Rather than relying solely on traditional swap or bridge mechanisms, Wirex aims to provide a native experience for users across various ecosystems. This will ensure enhanced user experience, security, and scalability for businesses managing stablecoin transactions across multiple blockchains.

Voices from Wirex Management

Pavel Matveev, Co-founder of Wirex, remarked on this expansion: "Our move to BASE embodies a significant milestone in our mission to make Web3 banking services accessible to businesses on a global scale. this integration empowers corporate clients to harness seamless, stablecoin-based financial services, thereby promoting the incorporation of decentralized finance into daily operations."

Daniel Rowlands, General Manager of Wirex Pay, added, "With our innovative self-custody model, Wirex Business directly connects to banking and card services. This ensures full control over assets while eliminating counterparty risk. Our platform invites businesses to leverage the advantages of stablecoins, enhanced by Web3's flexibility and security, to reshape their fund management practices across the globe."

Getting Started with Wirex Business

For businesses eager to tap into the benefits of Wirex Business and explore the functionalities offered through the BASE blockchain, further information can be found at Wirex. This expansion epitomizes Wirex’s commitment to innovation, showcasing its determination to lead in the future of banking for Web3 and cryptocurrency enterprises.