Wirex Pay Expands Its Stablecoin Payment Services to the U.S. Market

Wirex Pay Expands Its Services to the U.S.



Wirex, a prominent Web3 money application, has made headlines recently with the launch of its stablecoin payment platform, Wirex Pay, in the United States. This arrival represents a significant milestone for enhancing stablecoin payment accessibility and aims to provide a seamless and secure transaction experience for U.S. residents utilizing this revolutionary financial technology.

The launch is the result of a strategic alliance with Bridge.xyz, a leader in stablecoin orchestration. This collaboration allows Wirex Pay to facilitate transactions directly from non-custodial wallets with the capability for payments via card and bank transfers while granting users complete control over their finances. The combination of Wirex's advanced payment solutions and Bridge’s instant on/off-ramp capabilities offers U.S. users a powerful tool to transact in stablecoins efficiently.

What the Expansion Offers U.S. Users


Wirex Pay provides U.S. residents with numerous benefits designed to streamline their experience when using stablecoins:

1. Payments with Stablecoins Anywhere Visa is Accepted


Users can enjoy the flexibility of using any supported stablecoin for their daily purchases, applicable across 200+ countries and an impressive network of over 80 million merchants. This feature provides an unparalleled opportunity to incorporate digital currencies into everyday transactions.

2. Innovative Payment Infrastructure


The newly established Wirex Pay revolves around a robust stablecoin payment infrastructure, allowing transactions without the interference of intermediaries. This independence enhances privacy, security, and overall transaction efficiency, making it easier for users to navigate the evolving digital finance landscape.

3. Self-Custody Security


One of the standout features of Wirex Pay is its self-custody framework. Users regain the sovereignty of their stablecoins, freeing them from dependency on third-party custodians. This self-reliance fosters a safer environment where funds can be managed directly by users, amplifying security and peace of mind.

4. Seamless Integration for Non-Custodial Wallets


Wirex Pay is designed to be user-friendly, allowing U.S. residents to connect any non-custodial wallet easily. This integration simplifies the process of stablecoin-powered transactions, paving the way for easier and more intuitive financial interactions.

5. Instant Access to Stablecoins and USD Bank Accounts


Thanks to the partnership with Bridge, users can now achieve immediate access to stablecoins and U.S. Dollar bank accounts. This fluidity enhances the conversion process between digital currency and traditional fiat, making transactions smoother than ever before.

6. Real-Time On-Chain Swaps


The newly introduced automatic, real-time on-chain swaps between fiat and stablecoins present exciting new possibilities. This feature not only enhances payment speed but also boosts flexibility and transparency, creating new avenues for both consumers and businesses.

Pavel Matveev, Co-founder of Wirex, expressed his excitement regarding the launch, stating, "Wirex Pay is setting the standard for non-custodial stablecoin payments, and we're already witnessing strong demand from AI agents seeking to transact autonomously using stablecoins." This affirmation outlines Wirex's commitment to innovation and further progress in the financial landscape.

Furthermore, Dmitry Lazarichev, Co-founder of Wirex, emphasized the transformative potential stablecoins have on global payments by saying, "Stablecoins possess the ability to revamp the payments sector, presenting efficient, reliable alternatives to conventional banking systems. With this launch, Wirex Pay is rendering stablecoin transactions more accessible than ever for U.S. users.”

Zach Abrams, Co-Founder and CEO of Bridge, added his commentary on the partnership, "We’re thrilled to collaborate with Wirex and to hasten the growth of the stablecoin ecosystem. By uniting our technology with Wirex Pay’s expertise, we’re paving the way for users to engage with stablecoins safely and flexibly.”

With the launch of Wirex Pay in the U.S., Wirex encapsulates a forward-thinking approach to digital finance by bridging the existing gap between traditional and digital landscaping successfully. This momentous launch positions Wirex at the forefront of payment innovations, ensuring that stablecoin transactions become not only practical but also widely accessible across the globe.

  • ---

About Wirex: Founded in the UK, Wirex serves over 6 million customers in 130 countries, providing secure, simplified currency exchange and management tools. As an active participant in both Visa and Mastercard, Wirex fosters the transition to a cashless society through its user-friendly digital payment solutions.

About Wirex Pay: This pioneering platform bridges blockchain technology with practical applications for daily transactions and is celebrated for its privacy-focused design, enabling users to utilize their stablecoins seamlessly with enhanced security measures.

About Bridge.xyz: Bridge is noted for its role in stablecoin issuance and orchestration, processing significant transaction volumes annually while serving major customers, including the US government. Recently, Bridge made headlines following its acquisition by Stripe for a staggering $1.1 billion.

Topics Financial Services & Investing)

【About Using Articles】

You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.

【About Links】

Links are free to use.