# What is Wirex Pay? Wirex Pay represents the future of digital payments, seamlessly integrating blockchain technology with traditional finance. Designed as a modular payment chain and incubated by Wirex, a global leader in the crypto debit card market, Wirex Pay leverages the power of Polygon ZK to offer unparalleled transaction efficiency and security. Supported by Visa, Wirex Pay aligns closely with Visa's vision for the future of payments, emphasizing collaboration in driving fintech innovation. > Partnering with Wirex to help integrate blockchain technology with traditional finance, including the launch of Wirex Pay, aligns closely with our vision for the future of payments while highlighting the importance of collaboration in driving fintech innovation" > > — [Cuy Sheffield, Head of Crypto at Visa](https://www.prnewswire.com/news-releases/wirex-and-visa-expand-partnership-to-drive-web3-payment-adoption-302196622.html) #### Innovation and Value Propositions 1. **Non-Custodial Card Infrastructure:** * Enables any non-custodial wallet or dApp to issue cards, offering users control over their funds without reliance on third parties. 2. **Zero Knowledge (ZK) Technology:** * Ensures enhanced privacy and scalability, allowing for seamless and gasless transactions across multiple EVM chains. 3. **Decentralized Autonomous Organization (DAO):** * WPAY token holders participate in governance, ensuring the network evolves based on community input and needs. 4. **Dual Staking and Restaking:** * Users can restake their ETH or Liquid Staking Tokens (LSTs) to provide security for additional services, maximizing the use of their staked assets and enhancing network security. Combining WPAY with ETH/BTC in dual staking enhances economic security, decentralizes the network, and mitigates risks associated with token volatility. 5. **Node Rewards:** * Node operators receive 20% of the WPAY token supply and 40% of transactional revenue, promoting network decentralization and offering substantial earning potential. #### Why Choose Wirex Pay? Wirex Pay is more than just a payment network; it’s a revolution in how digital assets are used and managed. With a focus on decentralization, security, and user empowerment, Wirex Pay is positioned to lead the way in Web3 payment adoption. Whether you’re a casual user, a DeFi enthusiast, or a blockchain developer, Wirex Pay provides the tools and infrastructure to seamlessly integrate and benefit from the next generation of digital payments. Join us in reshaping the future of finance. Discover more about Wirex Pay and explore the possibilities it offers for a decentralized and user-driven financial ecosystem. {% content-ref url="/pages/w7vY5jD72VZxAGFaiTvQ" %} [Vision and Inspiration](/wirex-pay/vision-and-inspiration) {% endcontent-ref %} {% content-ref url="/pages/1ynK42GRMKgEbFXafLLN" %} [Evolution of Crypto Debit Cards](/wirex-pay/evolution-of-crypto-debit-cards) {% endcontent-ref %} {% content-ref url="/pages/DnCqV5VflNIzzMWE0Ojg" %} [Wirex Pay Overview](/wirex-pay/wirex-pay-overview) {% endcontent-ref %} {% content-ref url="/pages/hQZN7gR33TyIa0zMRetG" %} [Wirex Pay ZK Infrastructure](/wirex-pay/wirex-pay-zk-infrastructure) {% endcontent-ref %} {% content-ref url="/pages/NaW5w0UcHWo5bOwK0Mc5" %} [Target Audience and Use Cases](/wirex-pay/target-audience-and-use-cases) {% endcontent-ref %} # Vision and Inspiration Wirex Pay is at the forefront of revolutionizing digital finance, offering a pioneering platform that integrates the best of blockchain technology with the practicalities of everyday transactions. Our vision is to create a seamless, secure, and composable payment solution that meets the evolving needs of a diverse range of users, from individual consumers to businesses and developers in the Web3 ecosystem. {% content-ref url="/pages/jHgmZxf83DpXAnYCnrTw" %} [On-chain trend](/wirex-pay/vision-and-inspiration/on-chain-trend) {% endcontent-ref %} {% content-ref url="/pages/U092R9SSxOtxUWOuUxwd" %} [Vision of Wirex Pay](/wirex-pay/vision-and-inspiration/vision-of-wirex-pay) {% endcontent-ref %} {% content-ref url="/pages/59siJPyqx9CSjI3OfSGQ" %} [Inspiration Behind Wirex Pay](/wirex-pay/vision-and-inspiration/inspiration-behind-wirex-pay) {% endcontent-ref %} # On-chain trend

The Rise of On-Chain Economies

The market is witnessing two distinctive movements: centralized and custodial platforms are moving on-chain due to increased regulatory pressure, while users are moving on-chain due to a lack of trust in centralized platforms. This dual shift is accelerated by advancements in blockchain technology, making it possible to build a Web2 user experience with on-chain and self-custody features. # Vision of Wirex Pay

Bridging Web3 and TradFi

Wirex Pay envisions a future where the boundaries between traditional finance and decentralized technologies blur, creating a unified and efficient financial system. Our mission is to empower users with the ability to control and utilize their digital assets freely, securely, and conveniently, without the limitations imposed by traditional financial systems. This vision is driven by several core principles: 1. **Decentralization and Self-Custody**: We believe in giving users full control over their assets. Wirex Pay eliminates the need for intermediaries and custodial risks, allowing users to manage and spend their digital assets directly from their non-custodial wallets. 2. **Scalability and Efficiency**: By leveraging advanced technologies like Zero Knowledge (ZK) Rollups and Validium, Wirex Pay ensures that transactions are not only secure but also scalable and cost-effective. This scalability is crucial for supporting a growing user base and enabling seamless global payments. 3. **Interoperability and Integration**: Wirex Pay is designed to be highly interoperable, working seamlessly across various blockchain networks. Our integration with the Aggregated Layer (AggLayer) further enhances this capability, allowing for fluid movement of liquidity and interaction between different chains. 4. **User-Centric Design**: Our platform prioritizes user experience, offering a simple and intuitive interface that makes it easy for both crypto enthusiasts and newcomers to engage with digital payments. We strive to make the transition from traditional to decentralized finance as smooth as possible. # Inspiration Behind Wirex Pay

The Problem

The inception of Wirex Pay was inspired by the dynamic and rapidly changing landscape of digital finance. Several key factors drove the creation of Wirex Pay: 1. The Rise of Decentralized Finance (DeFi): The DeFi movement has highlighted the potential of blockchain technology to democratize finance. Wirex Pay aims to extend these principles to the realm of payments, providing users with decentralized solutions that offer greater freedom and flexibility. 2. The Shift Towards Self-Custody: Increasing regulatory scrutiny and a series of high-profile failures of centralized platforms have driven a significant shift towards self-custody solutions. Users are seeking more secure and transparent ways to manage their assets, a need that Wirex Pay directly addresses. 3. Demand for Composable and Flexible Solutions: In the Web3 era, the ability to integrate and compose different services and functionalities is paramount. Wirex Pay is built as a composable payment layer, enabling developers and businesses to create innovative applications that leverage the platform’s robust capabilities. 4. Global Access and Usability: Wirex Pay aims to break down barriers to financial access, providing a platform that supports a wide range of digital assets and can be used by anyone, anywhere. Our goal is to make digital payments as ubiquitous and accessible as traditional financial services. # Evolution of Crypto Debit Cards In the rapidly advancing field of digital payments, crypto debit cards have undergone significant transformations. These developments reflect the shifting landscape of blockchain technology and user needs. The evolution of crypto cards can be categorized into three distinct generations, each offering unique features and improvements over the previous ones. Wirex Pay is at the forefront of this evolution, bringing 3rd generation non-custodial cards to the mass market. {% content-ref url="/pages/LcORXYWYWakqBsSPGMzk" %} [1st Generation: Reloadable Prepaid Cards](/wirex-pay/evolution-of-crypto-debit-cards/1st-generation-reloadable-prepaid-cards) {% endcontent-ref %} {% content-ref url="/pages/nFSAD6rf5bSx2QgOZYw5" %} [2nd Generation: Wallet-Linked Debit Cards](/wirex-pay/evolution-of-crypto-debit-cards/2nd-generation-wallet-linked-debit-cards) {% endcontent-ref %} {% content-ref url="/pages/Rk5iR70VsqX2FDZK0Vqb" %} [3rd Generation: Non-Custodial Cards](/wirex-pay/evolution-of-crypto-debit-cards/3rd-generation-non-custodial-cards) {% endcontent-ref %} {% content-ref url="/pages/WH9HoYy9rPwGq8PRw00X" %} [Comparison of Crypto Card Generations](/wirex-pay/evolution-of-crypto-debit-cards/comparison-of-crypto-card-generations) {% endcontent-ref %} # 1st Generation: Reloadable Prepaid Cards The first generation of crypto debit cards emerges as a simple and practical way for users to spend their cryptocurrencies. These cards are essentially fiat prepaid cards that can be topped up with digital assets. Here’s how they function: * Custodial Control: Users convert their cryptocurrencies into fiat currencies through a custodial provider. * Pre-Funded Accounts: Fiat funds are then deposited into a pre-funded account linked to the card. * Usage: The card can be used for transactions just like any other prepaid card, with funds preloaded and ready to spend. While these cards provide a straightforward way to use crypto for everyday purchases, they require users to trust a central entity to manage and hold their funds. This custodial setup poses inherent risks and limits the appeal to users who prefer control over their assets. # 2nd Generation: Wallet-Linked Debit Cards The second generation of crypto cards introduces more advanced functionalities by directly linking debit cards to users’ crypto wallets. This approach provides greater flexibility and real-time access to digital assets. Here’s how these cards operate: * Direct Wallet Connection: The card links directly to the user’s crypto wallet, allowing the user to select which assets to spend. * Real-Time Conversion: When a transaction is initiated, the system checks and debits the crypto balance in real-time, converting it to fiat at the moment of purchase. * Authorization and Spending: Transactions are authorized once the conversion is complete, making these cards more dynamic and versatile. These cards, often offered by regulated fintech companies like Wirex and Revolut, reduce the need for pre-funding and provide more control over spending. However, they still involve some level of custodial risk, as the funds are held by the card issuer until the point of transaction. # 3rd Generation: Non-Custodial Cards The latest and most sophisticated development in crypto cards is the advent of non-custodial cards. Wirex Pay is pioneering this 3rd generation, offering a solution that aligns with the industry’s shift towards self-custody and decentralization. Here’s how non-custodial cards work: * User Control: Users retain full custody of their funds through private keys, utilizing Account Abstraction (AA) technology. * Flexible Authorization: Users can set spending limits and give permission to debit up to a specified amount, such as $1,000 per day. These limits can be adjusted or revoked at any time. * Seamless Transactions: When a transaction is initiated, the authorization request is checked against the AA balance, and funds are debited directly from the user’s wallet. This generation of cards combines the convenience of traditional payment systems with the security and autonomy of blockchain technology. Users benefit from zero counterparty risk, as they do not have to transfer their assets to a custodial entity to make payments. # Comparison of Crypto Card Generations The table below summarizes the key characteristics of each generation of crypto cards, highlighting the advancements in user control, security, and integration capabilities. | Features | 1st Gen | 2nd Gen | 3rd Gen | | ------------------------ | --------------- | --------------- | ----------------- | | Custody | Custodial | Custodial | **Non-Custodial** | | Counterparty Risk | Yes | Yes | **No** | | KYC | Yes | Yes | **Yes** | | Technical Complexity | Easy | Medium | **Hard** | | User Experience (UX) | Medium | Good | **Medium** | | Pre-Funding Requirements | High | Medium | **Low** | | Integration | Web2 – REST API | Web2 – REST API | **Web3 Native** | Each generation of crypto cards represents a significant leap forward in terms of functionality, user autonomy, and security. The transition from the simplicity of 1st generation prepaid cards to the sophisticated, non-custodial solutions of the 3rd generation mirrors the broader shift towards decentralization and user empowerment in the blockchain space. # Wirex Pay Overview
Wirex Pay is excited to introduce a decentralized payment network that leverages the capabilities of the award-winning Wirex platform. This innovation tackles the key challenges of integrating Web3 with traditional finance, marking a new era where digital assets are seamlessly used for everyday transactions. Below, we explore how Wirex Pay’s unique infrastructure and value propositions redefine the digital payments landscape. {% content-ref url="/pages/JWiiVARFnDRASkvwFI5X" %} [Innovative Infrastructure](/wirex-pay/wirex-pay-overview/innovative-infrastructure) {% endcontent-ref %} {% content-ref url="/pages/apNDDr7GSN3Ss2WNfOQS" %} [Value Propositions](/wirex-pay/wirex-pay-overview/value-propositions) {% endcontent-ref %} {% content-ref url="/pages/VkZOOOkM3Mfm8zKnTxFp" %} [How Wirex Pay Works](/wirex-pay/wirex-pay-overview/how-wirex-pay-works) {% endcontent-ref %} {% content-ref url="/pages/TmrCLsUWydFenUys7j6G" %} [Incubated by Wirex](/wirex-pay/wirex-pay-overview/incubated-by-wirex) {% endcontent-ref %} # Innovative Infrastructure
Wirex Pay’s architecture is built on advanced blockchain technologies designed to offer secure, scalable, and efficient payment solutions. Here’s how we achieve this: ### Decentralized Payment Network: * Self-Custody and Security: Wirex Pay empowers users to maintain control over their digital assets with a non-custodial model, eliminating intermediary risks. Users can manage and spend funds directly from their wallets, ensuring maximum security and transparency. * Zero Knowledge (ZK) Technology: By employing ZK Rollups and Validium, Wirex Pay enhances transaction scalability and speed. ZK Rollups bundle transactions into a single proof, verified on the main chain, while Validium stores data off-chain, supporting high transaction volumes. ### Scalable and Efficient Operations: * High Throughput: Wirex Pay’s infrastructure can process thousands of transactions per second, ensuring robust performance to support a growing user base. * Cost Efficiency: Reducing on-chain data processing through off-chain storage significantly lowers transaction costs, making Wirex Pay a cost-effective solution. ### Composable and Flexible Integration: * Web3 Native Integration: Wirex Pay’s infrastructure is designed for easy integration with Web3 applications, allowing developers and businesses to build innovative financial services on a scalable and secure platform. * Aggregated Layer (AggLayer) Integration: Integration with Polygon’s AggLayer facilitates seamless liquidity movement across various EVM-compatible chains, providing dynamic scalability and interoperability. # Value Propositions Wirex Pay directly addresses the challenges that hinder the widespread adoption of crypto payments: 1. Excessive Intermediaries: Traditional crypto transactions often involve multiple vendors and counterparties, increasing costs and inefficiencies. Wirex Pay simplifies this by eliminating unnecessary intermediaries. 2. Custody Concerns: Users typically rely on third parties to manage their funds, introducing significant custody risks. Wirex Pay’s non-custodial model ensures users retain full control over their digital assets, mitigating these risks. 3. Slow and Costly Settlement: Current crypto off-ramps are plagued by slow processing times, high transaction costs, and banking hour restrictions. Wirex Pay provides faster, cost-effective transactions without these limitations. Wirex Pay offers unique advantages that set it apart from conventional crypto payment solutions: ## Self-Custody * Full Asset Control: Users maintain full ownership and control over their digital assets, eliminating counterparty risks and enhancing security. * Flexible Management: Users can easily manage their assets, including lending and borrowing, through a user-friendly interface. ## Digital Asset Flexibility * Wide Asset Support: Wirex Pay supports a variety of stablecoins and cryptocurrencies, allowing users to transact globally. * Global Usability: With acceptance at over 80 million merchants in more than 200 countries, Wirex Pay integrates digital assets into everyday spending. ## Uncompromised Security * Advanced Security Standards: Wirex Pay upholds the highest security protocols, ensuring users’ assets are always protected. * Transparent Operations: The non-custodial model and use of ZK proofs guarantee secure and transparent transactions. ## Instant Spending * Real-Time Transactions: Users can spend their digital assets instantly, with transactions processed as seamlessly as traditional fiat currency. * Global Acceptance: Wirex Pay cards are accepted at millions of merchants worldwide, bridging the gap between digital and traditional payments. # How Wirex Pay Works
Wirex Pay simplifies the process of managing and spending digital assets through a streamlined setup and operational framework: 1. Sign Up and Setup: Users register and set up their Spending Account Abstraction (AA), integrating it with their Externally Owned Account (EOA) wallet. 2. Gain Full Control: With Wirex Pay, users enjoy self-custody of their funds, ensuring security and independence from third-party custody. 3. Customize and Secure: Users can personalize spending limits and transaction preferences, authorizing transactions based on chosen limits and balances. 4. Seamless Settlement Process: Wirex Pay manages the settlement process with Visa, Mastercard, and merchants, handling transaction complexities efficiently while users focus on spending. # Incubated by Wirex Wirex Pay builds on the successful legacy of Wirex, bringing several critical advantages: 1. Pioneering Innovations: Wirex’s history of launching groundbreaking solutions, including the world’s first crypto debit card, underpins Wirex Pay’s innovative approach. 2. Visa and Mastercard Principal Membership: Wirex’s unique status as a principal member with both Visa and Mastercard provides unparalleled market access and facilitates seamless crypto transactions within the traditional financial ecosystem. 3. Expansive User Network: With over 6 million users worldwide and more than a million crypto debit cards issued, Wirex’s extensive network supports Wirex Pay’s widespread adoption. 4. Solid Regulatory Compliance: Wirex adheres to stringent regulatory standards, ensuring Wirex Pay operates with the highest levels of user protection and legal compliance. # Wirex Pay ZK Infrastructure Wirex Pay harnesses the power of Zero Knowledge (ZK) technology to deliver a next-generation, non-custodial payment solution. By leveraging ZK Rollups and Validium, Wirex Pay offers a scalable, secure, and efficient platform that revolutionizes digital payments. This section delves into the technical innovations of ZK technology and how Wirex Pay integrates with the [Aggregated Layer (AggLayer)](https://polygon.technology/agglayer) to enhance its capabilities. {% content-ref url="/pages/G5bBQ84u7bx9RTHgrP5R" %} [ZK Rollups](/wirex-pay/wirex-pay-zk-infrastructure/zk-rollups) {% endcontent-ref %} {% content-ref url="/pages/RvIiGn09RwaQxc8bEWMK" %} [ZK Validium](/wirex-pay/wirex-pay-zk-infrastructure/zk-validium) {% endcontent-ref %} {% content-ref url="/pages/9avgM9RMrwSocP68pdS4" %} [Validium vs. Rollup](/wirex-pay/wirex-pay-zk-infrastructure/validium-vs.-rollup) {% endcontent-ref %} {% content-ref url="/pages/jWolmU9CfeaKjpfaw5qY" %} [Wirex Pay and AggLayer Integration](/wirex-pay/wirex-pay-zk-infrastructure/wirex-pay-and-agglayer-integration) {% endcontent-ref %} {% content-ref url="/pages/nhwF75JkQnzan7hv2SuG" %} [Wirex Pay ZK Tech Benefits](/wirex-pay/wirex-pay-zk-infrastructure/wirex-pay-zk-tech-benefits) {% endcontent-ref %} # ZK Rollups
*\*Sequencers* is responsible for batching transactions from various users into ordered blocks, and then committing to an order of those blocks. The order can be arbitrary or subject to rollup-specific constraints. The important thing is that the order is public and immutable: all rollup users at all times should agree on the relative ordering of blocks. *\* RPC -* stands for remote procedure call, and RPC nodes allow applications to communicate with the blockchain. Protocols may opt for private RPC endpoints, as these can improve a blockchain application's security by offering front-running protection, shielding transactions from the public mempool. *\* Synchronizer* ensures that nodes are automatically receiving all the necessary data from the peer nodes as well as it verifies the blocks and validates signatures until the blockchain is fully sychronized with the current state. *\* Prover* executes the rollup's state transition function, usually some abstract machine in which transactions represent programs to execute. By executing this function, the prover computes and stores a Virtual Machine state which is a deterministic result of the ordering of blocks produced by the sequencer. *\* Aggregator* indexes and aggregates blockchain data from multiple Web3 ecosystems. These platforms may use DApps, oracles, or APIs to collate data from different Web3 platforms into a single interface. ZK Rollups are an advanced layer 2 scaling solution that significantly increase transaction throughput while maintaining the security and decentralization of the underlying blockchain. They achieve this by bundling multiple transactions into a single proof, which is then verified on the main chain. Here’s how ZK Rollups work within Wirex Pay: * High Throughput: By processing numerous transactions off-chain and submitting a single proof, ZK Rollups can handle thousands of transactions per second, vastly improving scalability. * Cost Efficiency: Bundling transactions reduces the amount of data processed on-chain, lowering transaction costs and enhancing efficiency. * Security and Integrity: The use of Zero Knowledge proofs ensures that transaction data is verified securely without exposing sensitive information, maintaining the integrity of the blockchain. # ZK Validium
*\*DAC (Data Availability Committee)* is a trusted set of nodes that stores copies of data offline. The DAC is required to make the data available in the event of a dispute. Members of the DAC also publish on-chain attestations to prove that the said data is indeed available. ZK Validium is another key component of Wirex Pay’s ZK tech stack. It operates similarly to ZK Rollups but stores data off-chain, which provides even greater scalability. Here’s how ZK Validium enhances Wirex Pay: * Off-Chain Data Storage: By keeping transaction data off-chain, Validium can process a higher volume of transactions without burdening the main chain. * Scalability: This method allows for virtually unlimited scalability, making it ideal for applications that require high throughput and low latency. * Privacy: Like ZK Rollups, Validium uses Zero Knowledge proofs to maintain the security and privacy of transactions. # Validium vs. Rollup While both ZK Rollups and Validium use Zero Knowledge proofs to enhance scalability and security, they differ in their data storage approaches: | Feature | ZK Rollups | ZK Validium | | --------------- | ------------------------------------------- | ---------------------------------------------------- | | Data Storage | On-chain | **Off-chain** | | Scalability | High, limited by on-chain data availability | **Very high, due to off-chain data storage** | | Cost Efficiency | Moderate cost savings | **Significant cost savings** | | Security | Strong, with data verified on-chain | **Strong, with data integrity maintained off-chain** | # Wirex Pay and AggLayer Integration AggLayer is a revolutionary concept introduced by Polygon that enhances the interoperability and scalability of blockchain ecosystems. By integrating Wirex Pay with AggLayer, we unlock new potential for seamless liquidity movement and interconnected blockchain operations. * Unified Liquidity: AggLayer enables Wirex Pay to tap into a vast pool of liquidity across various EVM chains, ensuring that assets can move smoothly and efficiently between networks. * Interoperability: With AggLayer, Wirex Pay can easily interact with multiple blockchains, providing users with a unified and consistent experience across different platforms. * Scalability and Flexibility: The aggregation of different chains through AggLayer allows Wirex Pay to scale dynamically, accommodating growing user demands without compromising performance or security. # Wirex Pay ZK Tech Benefits Wirex Pay’s integration of ZK Rollups, Validium, and AggLayer positions it as a leader in the decentralized payments landscape. The key benefits of this cutting-edge technology include: * Scalable Transactions: Capable of handling thousands of transactions per second, Wirex Pay meets the needs of a fast-growing user base. * Cost-Effective Operations: By minimizing on-chain data processing, Wirex Pay significantly reduces transaction costs. * Enhanced Security and Privacy: Zero Knowledge proofs ensure that transactions are secure and private, protecting user data. * Unified and Seamless Experience: AggLayer integration allows for fluid interaction across multiple blockchains, providing a seamless user experience. # Target Audience and Use Cases
Wirex Pay is designed to cater to a diverse array of users in the rapidly evolving digital payments landscape. This section outlines the primary target audiences for Wirex Pay and explores the specific use cases and benefits for each group. As a leader in non-custodial card solutions, Wirex Pay offers unparalleled flexibility, security, and convenience for various user segments. ### Target Audience and Use Cases {% content-ref url="/pages/Iw6CJHCfE1jxpLEDiw1f" %} [Individual Users](/use-cases/individual-users) {% endcontent-ref %} {% content-ref url="/pages/Hnuwc12EIoFpT6SqPT1D" %} [Non-Custodial Wallets](/use-cases/non-custodial-wallets) {% endcontent-ref %} {% content-ref url="/pages/uUP832NtIDGfDafaBiTn" %} [Payroll and Expense Management](/use-cases/payroll-and-expense-management) {% endcontent-ref %} {% content-ref url="/pages/RxEPVs6P1BNyxtr1A62n" %} [Communities](/use-cases/communities) {% endcontent-ref %} {% content-ref url="/pages/lKOZLqGW0IXadhe9DzQO" %} [Web3 Builders](/use-cases/web3-builders) {% endcontent-ref %} ### Wirex Pay: Leading the Charge with 3rd Generation Non-Custodial Cards
Wirex Pay is designed to cater to the needs of today’s digital economy by providing innovative non-custodial payment solutions. As a universal payment layer built on Zero Knowledge (ZK) technology, Wirex Pay integrates seamlessly with any Web3 use case, from non-custodial wallets to decentralized applications (dApps). Key Innovations: * Secure and Private Transactions: Users maintain full control over their assets without relying on custodial services. * Versatile and Global Usage: Wirex Pay supports spending of stablecoins and cryptocurrencies at over 80 million merchants worldwide. * Web3 Native Integration: Designed to support the next generation of digital finance, Wirex Pay offers easy integration for developers and businesses alike. ### Wirex Pay: Shaping future of payments As we look ahead, we can anticipate the development of new products and features built on top of Wirex Pay. With Wirex Pay’s direct connection to traditional payment rails, the appchain smart contracts can be further leveraged for the following use cases: Recurrent Payments: Users can set up recurring payments that are initiated from non-custodial wallets and processed via card or bank transfer rails. Direct Debit: Payments can be pulled directly from self-custody wallets, offering a seamless and secure direct debit solution. Programmable Payments: A variety of programmable payments can be executed based on oracles or algorithms, enabling automated, smart transactions. These advancements open up limitless possibilities for automating payments and settlements without human intervention, benefiting both individuals and businesses. # What is a Node Sale? As part of Wirex Pay’s decentralized payment network, we are introducing an innovative Node Sale mechanism. This approach not only facilitates early-stage fundraising but also decentralizes network governance and infrastructure, aligning with the latest trends in blockchain technology. ## What is a Node Sale? Node sales are a new way of distributing blockchain nodes to participants who are keen on supporting the network’s infrastructure. They offer a decentralized approach to network growth and governance, allowing early participants to earn rewards by operating nodes. Key Benefits of Node Sales: 1. Decentralized Infrastructure and Governance: Node sales help distribute the control and operation of the network to a wider community. This decentralization strengthens the network's security, reduces reliance on a central entity, and democratizes decision-making processes. 2. Early Access and Fundraising: By purchasing nodes early, participants support the network’s development and gain the opportunity to be among the first to earn rewards. This method provides a sustainable way to raise funds and incentivizes early adopters. 3. Network Security and Performance: Nodes validate transactions and maintain the blockchain ledger, ensuring the network's security and performance. With more nodes distributed globally, the network becomes more robust and less susceptible to attacks or centralization risks. ## How Wirex Pay Node Sale Works: Wirex Pay’s Node Sale is designed to offer a fair and structured way for participants to join our network. Here’s how it works: 1. Node Allocation and Tiers: Wirex Pay nodes are sold in tiers with increasing prices, ensuring early supporters receive better pricing. There are 40 pricing tiers, each with a set number of nodes available. This structure encourages early participation and helps balance demand. 2. Node License NFTs: Each node purchase is represented by a unique Node License NFT (ERC-721). These NFTs provide verifiable proof of ownership, can be traded or sold on secondary markets, and are necessary for operating nodes within the Wirex Pay network. After 360 days, community voting will decide on the transferability of these NFTs. 3. Activation and Rewards: Nodes will be activated within 45 days post-Token Generation Event (TGE). Operators earn ongoing rewards, including a share of Wirex Pay’s token supply and transactional revenue. This reward system incentivizes continued participation and network support. ## Why Participate in the Wirex Pay Node Sale? 1. Earn Rewards: Node operators receive 20% of the $WPAY token supply over five years and up to 40% of transaction revenue. This provides a continuous income stream and a stake in the network's success. 2. Governance Rights: Owning a node grants governance rights, allowing operators to vote on network decisions and help shape the future of Wirex Pay. This democratic approach ensures that the network evolves in line with its users' needs and interests. 3. Proof of Ownership and Tradability: The Node License NFTs not only prove ownership but also can be traded or sold, offering flexibility and potential for profit. This feature makes participation accessible and attractive to a broad audience, from individual users to institutional investors. ## Node Sale Timeline The Wirex Pay Node Sale is structured to ensure fair and widespread distribution. Here are the key phases of the sale: {% hint style="info" %} Whitelist Sale Launch: **August 5th**, at **12.00 PM UTC** Public Sale Launch: **August 8th**, at **12.00 PM UTC** {% endhint %} # Key Information * **Total Nodes Available**: 100,000 * **Node Rewards**: 20% of Wirex Pay’s total token supply and 40% of revenue allocated to node operators. * **Node Price Mechanism**: 40 pricing tiers, with prices increasing at each tier. * **Supported Assets and Networks for Purchase**: wETH, USDC, USDT, DAI on Polygon * **Node License NFT Transferability**: Node Licenses exist as ERC-721 NFTs. Transfer control will be community-decided 360 days after the node sale. * **Website**: * **Whitelist Sale Launch**: August 5th, at 12.00 PM UTC * **Public Sale Launch**: August 8th, at 12.00 PM UTC # Pricing Tiers and Limits Nodes are available in different tiers, each with a specific price and purchase cap per address to ensure equitable distribution and enhanced decentralization. | Tier | Total Licenses | Node Price (ETH) | Cap Per Address | | ---- | -------------- | ---------------- | --------------- | | 1 | 4,000 | 0.05 | 5 | | 2 | 4,000 | 0.07 | 5 | | 3 | 5,000 | 0.09 | 10 | | 4 | 6,250 | 0.10 | 10 | | 5 | 6,250 | 0.12 | 20 | | 6 | 6,250 | 0.15 | 30 | | 7 | 6,250 | 0.20 | 40 | | 8 | 6,250 | 0.30 | 50 | | 9 | 6,250 | 0.40 | 125 | | 10 | 5,000 | 0.45 | 250 | | 11 | 5,000 | 0.50 | 500 | | 12 | 4,500 | 0.55 | 500 | | 13 | 4,000 | 0.60 | 500 | | 14 | 3,500 | 0.62 | unlimited | | 15 | 3,000 | 0.63 | unlimited | | 16 | 2,500 | 0.64 | unlimited | | 17 | 2,500 | 0.65 | unlimited | | 18 | 2,500 | 0.66 | unlimited | | 19 | 2,000 | 0.67 | unlimited | | 20 | 1,500 | 0.68 | unlimited | | 21 | 1,500 | 0.69 | unlimited | | 22 | 1,000 | 0.70 | unlimited | | 23 | 1,000 | 0.71 | unlimited | | 24 | 1,000 | 0.72 | unlimited | | 25 | 1,000 | 0.73 | unlimited | | 26 | 1,000 | 0.74 | unlimited | | 27 | 500 | 0.75 | unlimited | | 28 | 500 | 0.76 | unlimited | | 29 | 500 | 0.77 | unlimited | | 30 | 500 | 0.78 | unlimited | | 31 | 500 | 0.79 | unlimited | | 32 | 500 | 0.80 | unlimited | | 33 | 500 | 0.81 | unlimited | | 34 | 500 | 0.82 | unlimited | | 35 | 500 | 0.83 | unlimited | | 36 | 500 | 0.84 | unlimited | | 37 | 500 | 0.85 | unlimited | | 38 | 500 | 0.86 | unlimited | | 39 | 500 | 0.87 | unlimited | | 40 | 500 | 0.88 | unlimited | # Node License When purchasing a node, users receive a Node License NFT, an ERC-721 token that serves as proof of ownership. These NFTs are essential for activating and operating nodes within the Wirex Pay network and can be traded or sold on secondary markets. This NFT-powered ownership offers several advantages: * Verifiable Proof of Ownership: The Node License NFT certifies ownership and operational rights over the node. * Transferability: After 360 days, the community will vote to decide when to enable the transfer of these NFTs. * Democratized Network Participation: Owning a node and its corresponding NFT democratizes the network, allowing individuals to participate in the network’s operation and governance. ## Node Ownership Benefits Running a Wirex Pay node comes with multiple benefits: * Continuous Rewards: Node operators earn ongoing rewards from Wirex Pay’s token supply and a share of transactional revenue. * Additional Airdrops: Node ownership may also provide eligibility for additional token airdrops. * Governance Rights: Node operators gain the right to participate in network governance decisions, influencing the platform's future. * Proof of Ownership: Each node license is represented by an NFT, providing clear and tradable proof of ownership. * Market Participation: These NFTs can be sold or traded on secondary markets, offering flexibility and potential profit opportunities. * Inclusive and Democratic: Node ownership allows individuals to actively contribute to and benefit from the network’s operations and growth. # Wirex Pay Node Rewards Wirex Pay is offering significant rewards for node operators, making it an attractive opportunity for those looking to participate in the decentralized payment network. Below is a detailed forecast of the rewards and earnings for node operators over a five-year period. Node Rewards Breakdown * 20% of $WPAY Supply: Allocated to node operators over 5 years. * 40% Revenue Share: From transaction fees. Participating in the Wirex Pay Node Sale provides not only immediate rewards but also long-term financial benefits. With a robust forecast and a solid revenue-sharing model, node operators are well-positioned to gain from the growth and success of Wirex Pay. # How to Run a Wirex Pay Node Rewards Follow these simple steps to start running your Node and earning rewards on Wirex Pay Chain: ### **Step 1: Sign in to Wirex Pay Chain** Visit [rewards.wirexpaychain.com](https://rewards.wirexpaychain.com) and sign in using your wallet address. You can connect using either a Web Wallet (Metamask) or WalletConnect to access your account.
### **Step 2: Choose the Node to Delegate** 1. Once signed in, you’ll see a **list of your previously purchased Node Licenses.** 2. **Select the Node** you want to run and click the **Delegate button**. 3. **Bulk Delegation:** If you want to delegate all your Nodes at once, simply click **Select All** at the top of the screen and then press **Delegate**. 4. **Transaction Confirmation**: To complete the delegation, ensure you **confirm the transaction** via your connected wallet.
### **Step 3: View Your Rewards** After you delegate your Node(s), your **rewards will start accumulating**. You can monitor the rewards in your account.
### **Step 4: Start Vesting Your WPAY Rewards** 1. When you’re ready to receive your WPAY rewards, you'll need to **start the vesting process**. 2. **Only one vesting period can be active at a time**, and the **vesting period lasts for 30 days**. 3. **Transaction Confirmation**: When you start vesting, make sure to confirm the transaction in your connected wallet.
### **Step 5: Claim Your Rewards** 1. Once the **30-day vesting period** is over, you can **claim your accumulated rewards** to your **WPAY account**. 2. **Transaction Confirmation**: Don’t forget to confirm the claim transaction in your connected wallet to receive your rewards.
### Ensure WPAY Token Is Added to Your Wallet Before claiming your rewards, please ensure that the WPAY token is added to your wallet. If not, follow the details below to add it: * **Ticker**: WPAY * **Contract Address**: 0x7ABE9Edf5C544A04dA83e9110CF46DBC4759170c * **Network**: Polygon For more details, visit [PolygonScan](https://polygonscan.com/token/0x7ABE9Edf5C544A04dA83e9110CF46DBC4759170c). {% hint style="info" %} Note: Adding the WPAY token is necessary for claiming your rewards. {% endhint %} # Wirex Pay Node Purchase Guide This guide will take you through the step-by-step process of purchasing your first Wirex Pay Nodes. Discover the power to earn rewards and influence network decisions at [node.wirexapp.com](https://node.wirexapp.com). {% hint style="info" %} Please note that to buy a Wirex Pay Node, you must have a non-custodial wallet (e.g., MetaMask, OKX, COCA, Rainbow, Coinbase, etc.) {% endhint %} {% hint style="info" %} Complete the token bridge in advance to buy a Node without hassle and avoid delays. {% endhint %} ## Step 1: Visit the Node Sales Platform Go to the Wirex Pay Node Sales platform: [node.wirexpaychain.com](http://node.wirexpaychain.com/).
## Step 2: Connect Your Wallet On the homepage, find and click on the "Connect Wallet" button.
Choose your preferred wallet from the options provided (e.g., MetaMask, WalletConnect).
Follow the prompts to connect your wallet securely.
## Step 3: Bridge Your Tokens to Polygon Network Ensure you have enough wETH/USDC/USDT/DAI in your wallet before you purchase. Use one of the following platforms to bridge tokens to Polygon: * [portal.polygon.technology/bridge](https://portal.polygon.technology/bridge) (Official Polygon Bridge) * [portfolio.metamask.io/bridge](https://portfolio.metamask.io/bridge) * [jumper.exchange](https://jumper.exchange/?fromChain=1\&fromToken=0x0000000000000000000000000000000000000000\&toChain=137\&toToken=0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619) * [debridge.finance](https://app.debridge.finance/?inputChain=1\&outputChain=137\&inputCurrency=\&outputCurrency=0x7ceb23fd6bc0add59e62ac25578270cff1b9f619\&dlnMode=simple) ## Step 4: Initiate the Purchase Find the node package you wish to purchase.
Click on the “**Purchase**” button next to the desired node package.
Choose the payment currency: you can pay in wETH, USDC, USDT, or DAI on the Polygon network.
Enter the number of nodes you want to purchase in the provided field and click “**Purchase**” button.
## Step 5: Complete the Purchase * **Approve the transaction in your wallet.**
* After approving the transaction, you will be asked to confirm the transaction.
* Confirm the transaction in your wallet to finalize the purchase. ## Congratulations, you are now a Wirex Pay Node owner! # Guide: Adding Node NFT to wallet **Step-by-Step Instructions:** 1. Open your Wallet Application: Launch your wallet application (e.g., MetaMask, COCA). 2. Navigate to the NFTs Section: In your wallet, locate and navigate to the section designated for NFTs. 3. Add NFT Manually: Look for an option to manually add or import an NFT. This is usually found within the NFTs section. 4. Enter Contract Address: Input the Contract Address: 0x42D3e4904Ec7018bE4d24ddA91862d5e1117745D 5. Specify the Token ID: Enter the Token ID. The Token ID should be specified as provided in the node purchase transaction. (This ID is unique to the NFT and is necessary to identify the specific token within the contract). You can check the Token ID either in the Wallet Activity section or in the blockchain explorer [Polygonscan](https://polygonscan.com/)
6. Confirm the Token Standard: Ensure that the Token Standard is set to ERC-721. 7. Review Details: Double-check the details to ensure accuracy: * Contract Address: 0x42D3e4904Ec7018bE4d24ddA91862d5e1117745D * Token ID: (as specified in the transaction) * Token Standard: ERC-721 * Network: Polygon 8. Save and Confirm: After reviewing, save the information and confirm the import of the NFT. 9. Verify the Import: After saving, verify that the NFT appears in your wallet. You should see the newly added NFT with its details and metadata. #### Troubleshooting: * Incorrect Token ID: Ensure the Token ID matches the one specified in the node purchase transaction. * Can’t find Token ID in the Wallet: Go to [Polygonscan](https://polygonscan.com/). Search for your transaction related to the node purchase. Look up the specific Token ID to see the transaction details and ensure everything matches. * Contract Address Error: Verify the contract address is correct. * Unsupported Token Standard: Confirm that your wallet supports ERC-721 tokens. Following these steps will help you manually add your NFT to your wallet, ensuring it is correctly displayed and managed.
# DAO Wirex Pay will be governed by a Decentralized Autonomous Organization (DAO) established after the Token Generation Event (TGE). A DAO is an entity structure where token holders participate in management and decision-making processes. Unlike traditional organizations, a DAO operates without a central authority. Instead, power is distributed among token holders who collectively cast votes. All voting and activities conducted through the DAO are recorded on a blockchain, ensuring transparency and making all user actions publicly viewable. The Wirex Pay DAO empowers token holders to raise and vote on proposals. This democratic and decentralized approach ensures that the network remains community-controlled and evolves to benefit its users. Token holders can stake their tokens to increase their rewards and voting power, both dependent on the staking duration. The community will also manage the treasury and handle various operational activities. # Tokenomics **Polygon chain** * Token Ticker: WPAY * Token Type: ERC-20 * Chain: Polygon POS * Decimals: 18 * Contract: 0x7ABE9Edf5C544A04dA83e9110CF46DBC4759170c * Explorer: * Total Supply (Fixed): 10,000,000,000 **Base chain (OFT)** * Token Ticker: WPAY * Token Type: ERC-20 * Chain: Base * Decimals: 18 * Contract: 0x35e0966208f518371e79cC9fD35559112068DdAd * Explorer: Polygon / Base bridge - The diagram above details the token allocation:
* Point based airdrops: Initial users who promote Wirex Pay, rewarded with airdrops. * veWPAY Rewards: Rewards for stakers. * Liquidity: Tokens allocated for exchange listings and market-making activities. * Treasury: Tokens allocated to the Wirex Pay DAO for maintaining and developing the network. * Node Rewards: Tokens distributed to node owners. * Team: Founding members and employees. Each participant category will have specific cliff/lock-up and vesting periods (months) as outlined below:
ArticleAllocationQuantity of Tokens% on TGEQuantity on TGECliff/Lock-upVesting (months)
Team20.000%2,000,000,0000.00%01236
Point based airdrops5.000%500,000,0000.00%039
veWPAY Rewards12.860%1,286,000,0000.00%0660
Liquidity4.000%400,000,00050.00%200,000,000724
Treasury38.14%3,814,000,00010.00%381,400,000067
Node Rewards20.000%2,000,000,0000.00%0260
Total100.00%10,000,000,000581,400,000
# Locked/Vested Wallets
ArticleAddressCliff/Lock-upVesting (months)
Team0xc66337dDc2DD7d39458F171963FdeeD835362AA91236
Point based airdrops0x5d4d2cB919c4717FCC7746d8493FF813022A369B39
veWPAY Rewards0x410BdC6921198164da4C24c3873911a2BbE4c4B1660
Liquidity0x90E9b432cBF6607Bb4819c0534F683e53BdC5Acb724
Treasury0x7e5f0595FfAEC48525b55b3908F739cD4bfB95BF067
Node Rewards0x47ffbeCA2d6b763a827DFfC74F4D99D53DB8C28C260
# Node Operator Rewards Node operators are essential to the Wirex Pay network. They are eligible to receive 20% of the total WPAY token supply. Additionally, node operators will be the first to receive WPAY tokens, ensuring they play a crucial role in the early stages of the network. This strategy aims to drive community participation and increase the decentralization of the network. By participating in the Wirex Pay DAO, token holders will not only help shape the future of the network but also gain access to various rewards and benefits, ensuring a truly decentralized and community-driven payment network. Possessing a node license is the sole method to acquire $WPAY prior to the Token Generation Event (TGE). # Difference Between WXT and WPAY Wirex's ecosystem includes two distinct tokens: WXT and WPAY, each serving unique purposes within the Wirex platform and Wirex Pay network. #### WXT (Wirex Ecosystem Token) * Purpose: Utility token for the broader Wirex ecosystem. * Uses: Used for fee discounts, earning rewards, and accessing premium features within the Wirex app. * Scope: Enhances user experience within Wirex’s financial services, offering benefits like Cryptoback™ rewards and lower exchange fees. #### WPAY (Wirex Pay Governance Token) * Purpose: Governance token for the Wirex Pay decentralized payment network. * Uses: Empowers holders to participate in the Wirex Pay DAO, staking for rewards, and operating nodes. WPAY is central to the network’s governance and operational functionality. * Scope: Focused on driving the decentralized operations of Wirex Pay, facilitating transactions, and ensuring community control over network developments. By clearly distinguishing these roles, Wirex ensures that both tokens effectively contribute to their respective ecosystems, enhancing user engagement and network functionality. | Aspect | WXT (Wirex Ecosystem Token) | WPAY (Wirex Pay Governance Token) | | ---------------- | ---------------------------------------------------------- | ------------------------------------------------------------ | | Purpose | Utility token for the Wirex ecosystem | Governance token for the Wirex Pay network | | Uses | Fee discounts, earning rewards, accessing premium features | Participation in DAO, staking for rewards, operating nodes | | Scope | Enhances user experience within Wirex’s financial services | Drives decentralized operations and community governance | | Function | Practical benefits like discounts and rewards | Governance rights, staking rewards, transaction facilitation | | Target Ecosystem | Broader Wirex financial services | Decentralized Wirex Pay network | While Wirex and Wirex Pay operate within distinct ecosystems, there are significant cross-promotional benefits for users of both. Wirex users can leverage WXT for practical benefits within the Wirex app, such as fee discounts and rewards, enhancing their overall financial experience. Concurrently, these users can participate in the decentralized governance and operations of Wirex Pay by utilizing WPAY tokens, allowing them to influence network decisions and earn staking rewards. This synergy creates a comprehensive, interconnected ecosystem, offering enhanced value and utility across both platforms. # Relationship Between Wirex and Wirex Pay The diagram illustrates the synergistic relationship between Wirex and Wirex Pay, highlighting their integrated yet distinct functionalities. Wirex focuses on traditional financial services, providing card issuing, card processing, KYC (Know Your Customer), KYT (Know Your Transaction), TM (Transaction Monitoring), and Visa/MasterCard settlement services. These foundational elements enable the Wirex Pay product to function seamlessly. On the other hand, Wirex Pay, governed by the Wirex Pay DAO, leverages blockchain technology with features like ZK Validium, smart contracts/AA (Account Abstraction), on-chain settlement, processing, tokenization, and lending. The bridge and UI components ensure smooth interoperability between traditional financial systems and decentralized applications. This integration allows Wirex Pay to offer a comprehensive, innovative payment solution, combining the stability of established financial processes with the flexibility and security of blockchain technology.
# What is Restaking? Restaking is a process that allows users to reuse their staked ETH or Liquid Staking Tokens (LSTs) to provide security for additional services on the network. This is facilitated by smart contracts, which enable the delegation of staked assets, thereby extending cryptoeconomic security beyond the primary staking application. Users can restake their tokens to secure multiple services simultaneously, reducing overall capital costs and increasing trust guarantees for individual services. ## How Restaking Works Restaking operates through smart contracts, enabling users to delegate their staked assets to secure multiple services. This reduces overall capital costs while enhancing security for each service. By restaking, users can optimize the use of their staked tokens, ensuring they contribute to the security of various applications on the network. ## Restaking Potential for Node Operators Node operators in the Wirex Pay network benefit from increased rewards and contribute significantly to the network's security and decentralization. Restaking offers a way to maximize the use of staked assets, ensuring node operators can secure multiple services efficiently. ## Wirex Pay Restaking Restaking and dual staking represent significant innovations for Wirex Pay, enhancing security, decentralization, and cost efficiency. These mechanisms ensure robust economic security and adaptability, positioning Wirex Pay as a leader in blockchain payment solutions. By leveraging these innovative staking models, Wirex Pay offers a secure and community-driven network, ready to support the future of decentralized payments. Join the Wirex Pay network and participate in our upcoming mainnet launch and node sale to be part of this exciting journey. # Dual Staking: A New Era of Security * **How Dual Staking Works**: Dual staking uses two types of tokens to secure a Proof-of-Stake (PoS) network, leveraging both an external, stable token (like ETH or BTC) and the network’s native token. This enhances security and mitigates risks associated with token volatility, simplifying the bootstrapping process and improving economic security. * **Economic Security**: For Wirex Pay, dual staking can significantly enhance economic security by allowing WPAY to be staked alongside ETH and/or BTC. This ensures robust network security, even if WPAY value fluctuates, thanks to the stable backing of ETH/BTC. * **Decentralization**: Dual staking promotes decentralization by attracting a diverse group of stakers, broadening the validator base, and reducing centralization risks. This enhances the network’s resilience and integrity. * **Mitigating the "Death Spiral"**: Dual staking mitigates the “death spiral” effect, where a decline in the native token’s value reduces network security, further depressing the token's value. With ETH/BTC as a secondary staked asset, Wirex Pay maintains a baseline level of security, safeguarding the network’s stability during native token volatility. * **Innovative Dual Staking for Wirex Pay**: Incorporating dual staking within Wirex Pay provides a balanced and secure framework for network growth. Leveraging WPAY and ETH/BTC enhances economic security, promotes decentralization, and mitigates risks associated with token volatility. This aligns with Wirex Pay’s vision of creating a secure, innovative, and community-driven payment network. # Actively Validated Services (AVS) An Actively Validated Service (AVS) is a system that requires its own distributed validation semantics for verification. These services can range from sidechains and data availability layers to oracle networks and threshold cryptography schemes. Each AVS operates with its own set of contracts that manage the state relevant to the service's functionality, such as operator management and stake security. ## Application to Wirex Pay-Reconciliation of Onchain and Offchain Transactional Data For Wirex Pay, an AVS is developed to handle the reconciliation of onchain and offchain transactional data. This AVS would ensure that transactions recorded on the blockchain (onchain) match the transactions processed by external systems (offchain), providing a robust mechanism for maintaining data integrity and consistency. The AVS breaks down its operations into units called "Tasks." Each Task represents the reconciliation of a set of transactions between the onchain records and offchain data sources. Operators will validate these reconciliations based on predefined rules and thresholds. The AVS specifies the type of trust it inherits, such as using geographically diverse operators to ensure decentralized trust. This setup ensures that the reconciliation process is both transparent and resistant to manipulation. Clearly defined conditions under which operators will be penalized (slashed) for incorrect validations is the key. This could include scenarios where mismatches in reconciled data exceed a certain threshold or where delays in processing exceed acceptable limits. > By leveraging the AVS framework, Wirex Pay can create a secure, decentralized system for reconciling onchain and offchain transactional data. This ensures data consistency, enhances transparency, and maintains the integrity of financial records, thereby improving overall trust in the Wirex Pay platform. # Wirex Pay Chain ## Mainnet links
TypeURL
Sequencerhttps://pay-chain-sequencer.wirexpaychain.com/
Blockscouthttps://blockscout.wirexpaychain.com/
RPChttps://rpc.wirexpaychain.com/
Bridgehttps://bridge.wirexpaychain.com/
Chain ID31415
# Getting Your First Wirex Pay Card Welcome to **Wirex Pay**—your gateway to seamless crypto payments. This guide will walk you through the simple steps to sign up and order your first **non-custodial card** using our **web app**. ## Step 1: Visit the Wirex Pay App Open your preferred browser and navigate to the Wirex Pay app at [app.wirexpaychain.com](https://app.wirexpaychain.com/).
## Step 2: Enter Your Email Address On the homepage, you’ll see a prompt to sign up. Enter your email address in the provided field.
Click Continue to proceed. ## **Step 3: Create a Password or Passkey** Next, you’ll need to create a strong password. Alternatively, if your browser supports it, you can create a passkey for added security. Important: Make sure your password is strong and secure to protect your account and personal information. * Use a mix of uppercase and lowercase letters, numbers, and symbols. * Avoid using easily guessable information like your name or birthdate.
After setting your password or passkey, click Continue.
## **Step 4: Specify Your Country** Select your country from the dropdown list.
Click Continue. ## **Step 5: Verify Your Email** We will send a confirmation link to the email address you entered.
Open the email and click on the **confirmation link**. **Note**: Email arrival times may vary depending on your email provider. If you don’t receive the email, check your Spam or Junk folder.
After clicking the confirmation link, return to the Wirex Pay app and click **Continue** to proceed. ## **Step 6: Connect Your Wallet** The app will prompt you to connect your crypto wallet using either a **Chrome extension** (e.g., MetaMask) or **WalletConnect**.
Make sure your connected wallet supports custom networks for smooth integration. ## **Step 7: Setup the Network and Configure Your Account (Wallet Action Required)** Once your wallet is connected, you’ll need to import the network settings. This will be done within your wallet’s interface. After importing the network, you’ll also need to register the smart contract. Follow the instructions provided in the app and your connected wallet to complete the account setup.
Once your account is set up and the network is successfully configured, the app will automatically take you to the **Wirex Pay Home Page**.
Here, you can explore your account and available services. ## **Step 8: Verify Your Account** To fully activate your account and order your card, you’ll need to complete a verification process. Ensure you have the following documents ready: * Proof of Identity: Passport, National ID, or equivalent. * Proof of Address: Recent Bank Statement, Utility Bill, or Government-issued document (within the last 3 months). Follow the in-app instructions to complete the KYC process and finalize your account setup. ## **Step 9: Top-Up Your Account** Before ordering your card, make sure you have sufficient funds in your account to cover the card ordering fees. You can easily top up your Wirex Pay account by bridging funds from your Ethereum network to your Wirex Pay main account. For your convenience, we’ve integrated an in-app Bridge that allows you to bridge transfer funds from any Ethereum account to Wirex Pay wallet. Simply click on Deposit in the Wallet section and follow the prompts to fund Wirex Pay account. For detailed instructions, *check out the **How to top-up Wallet via in-app Bridge**.* ## **Step 10: Order Your First Non-Custodial Card** Once your verification is done and your wallet is topped up, it’s time to order your very own Wirex Pay card.
Whatever you need, we’ve got you covered: * **Virtual Card**: Perfect for online purchases, fast and ready to go. * **Plastic Card**: Best for your daily in-store shopping and contactless payments. You can order up to **5 cards** in total, giving you flexibility to manage your crypto spending however you like! * The **delivery and order fees** will be charged directly from your Wirex Pay main account balance. * If your **Plastic card** is delivered via **DHL Express**, you’ll receive a tracking number so you can follow your card’s journey.\ **Remember**: Once your Plastic card is delivered, be sure to activate it to start enjoying all its benefits! Enjoy seamless spending using your crypto, with Wirex Pay making payments simple and hassle-free! # How to Manage Your Wirex Pay Card: A Complete Guide Managing your Wirex Pay card is simple and gives you full control over your crypto spending. Below are the key features and options available to you for managing your card through the Wirex Pay app.
## **1. Deposit Funds** You can easily deposit funds into your Wirex Pay card using your Wirex Pay main account balance. ### Step 1: Click on Deposit ### Step 2: Choose the wallet (USDT, USDC, or DAI) from which you want to transfer funds to your card.
### Step 3: Enter the amount you want to transfer to your card.
### Step 4: Confirm the transfer using the external wallet you connected with Wirex Pay. **Important**: Ensure that the wallet network is correct before proceeding with the transfer. Always follow the in-app instructions carefully to complete the process. **Note**: Each card is linked to its own individual accounts with separate balances (USDT, USDC, or DAI), so be sure to deposit to the correct card account. ## **2. Withdraw Funds** Want to move your funds back to your Wirex Pay wallet? Here’s how you can withdraw any available balance from your card: ### Step 1: Click on Withdraw. ### Step 2: Select the account (USDT, USDC, or DAI) from which you wish to withdraw funds.
### Step 3: Enter the amount you want to withdraw to your Wirex Pay main account.
### Step 4: Confirm the transfer via your connected external wallet. **Note**: On-chain transfers within the Wirex Pay network come with zero fees, so you won’t incur any additional costs when moving funds. ## **3. Set a Spending Limit** Take control of your spending with personalized limits. You can set a daily spending limit for your card to ensure security and prevent overspending. This feature is perfect for those who want to budget or protect their funds.
## **4. Set a Spendable Balance** Wirex Pay gives you the flexibility to choose which account to spend from. You can select one of your available crypto accounts—USDT, USDC, or DAI—as the default source for payments.
{% hint style="info" %} Pro Tip: You can change your spendable balance account at any time to suit your needs. {% endhint %} ## **5. View Card Details** Need your card details or PIN for your Plastic card? You can securely access these anytime within the Wirex Pay app. To protect your card, you will be required to confirm your identity via SMS. A verification code will be sent to your registered phone number. Simply enter the code in the app to access your card details or PIN. This extra step ensures your card information remains safe and secure.
## **6. Freeze/Unfreeze Your Card** If you ever lose your card or want to secure it temporarily, you can freeze your card instantly with just a few clicks. When you're ready to use it again, simply unfreeze it to restore functionality. This feature ensures that your funds remain protected.
Wirex Pay provides you with complete control over your card, letting you manage funds securely and flexibly. Whether it’s deposits, withdrawals, or setting spending limits, managing your Wirex Pay card is quick and easy. ## Key Features Recap: * Deposit and Withdraw: Manage your card balance with ease, using your linked Wirex Pay wallet. * Set Spending Limit: Control your daily spending and protect your funds. * Spendable Balance: Choose and switch between your available crypto accounts (USDT, USDC, DAI). * Card Details: Access your card information or retrieve your card PIN. * Freeze/Unfreeze: Instantly lock or unlock your card for added security. # Wirex Pay Serviced Countries Wirex Pay offers a non-custodial card, allowing users to manage and spend their crypto securely and independently. With Wirex Pay, you retain full control over your crypto assets while using your card for everyday transactions. Below is the current list of supported countries: ## **Europe** * Austria * Belgium * Bulgaria * Croatia * Cyprus * Czech Republic * Denmark * Estonia * Finland * France * Germany * Greece * Hungary * Iceland * Ireland * Italy * Latvia * Lithuania * Luxembourg * Malta * Netherlands * Norway * Poland * Portugal * Romania * Slovakia * Slovenia * Spain * Sweden * Switzerland * United Kingdom * Montenegro * Monaco * Andorra * Gibraltar ## **Asia-Pacific** * Australia * Hong Kong * Philippines * Taiwan * Thailand * Vietnam * Malaysia * Indonesia * Singapore ## **Latin America** * Brazil * Argentina * Mexico * Chile * Colombia * Peru * Ecuador Wirex Pay continues to expand globally, bringing its non-custodial card services to more regions. Stay tuned for updates on newly supported countries. For the latest news and updates, join our [Discord](https://discord.com/invite/f8UGp4dH6g) community or visit our website at [www.wirexpaychain.com](https://www.wirexpaychain.com/) to learn more. # Wirex Pay Limits Wirex Pay imposes certain limits on its services to ensure compliance with regulatory requirements and enhance security. Here is a summary of the current Wirex Pay limits: ### Card Limits | Type | Amount / number | | ---------------------------------------- | --------------- | | Max purchase amount per **transaction** | 30 000 EUR | | Max purchase amount per **day** | 30 000 EUR | | Max purchase amount per **month** | 30 000 EUR | | Max purchase amount per **3** **months** | 75 000 EUR | | Max purchase amount per 6 **months** | 100 000 EUR | | Max purchase count per **day** | 15 | | Max cash withdrawal amount per **day** | 500 EUR | | Max cash withdrawal amount per **month** | 5 000 EUR | | Max cash withdrawal count per **day** | 5 | # Bridge Funds Between Ethereum and Wirex Pay Wirex Pay makes it easy to move your cryptocurrency between the Ethereum network and your Wirex Pay account. Whether you're looking to top up your Wirex Pay balance or send funds back to Ethereum, follow these simple steps. ## **How to Get Started** ### Click on 'Deposit' in the Wallet Section Navigate to the 'Wallet' section of the Wirex Pay app from the Home screen. Once there, select 'Deposit' to initiate the process of bridging funds.
### Connect Your Web Wallet Connect your web wallet (e.g., MetaMask or another supported extension) when prompted. Ensure your wallet is properly linked to begin transferring funds.
Once your wallet is connected, you will be able to bridge your funds between Ethereum and Wirex Pay. ## Bridge from Ethereum to Wirex Pay After connecting your wallet, choose Ethereum as your source network and Wirex Pay as the destination.
Choose the cryptocurrency you want to bridge (USDT, USDC, or DAI) and enter the amount you'd like to transfer. Check the Ethereum network gas fees (paid in ETH) and make sure you have enough ETH to cover these costs.
Review the transaction details, including an estimated network fee shown at this step. Please note that the final transaction gas fee will be displayed on the confirmation screen and may be adjusted based on transaction speed within your connected wallet (e.g., MetaMask). Be aware that the transaction requires confirmation via your external wallet. Once your balance is updated, be sure to transfer funds to your card so you can start spending your crypto with your Wirex Pay card. ## Bridge from Wirex Pay to Ethereum To send funds back to Ethereum, select Wirex Pay as your source and Ethereum as the destination network.
Choose the cryptocurrency and the amount you wish to transfer back to Ethereum. Since Wirex Pay is a gas-free network, there are no fees. Once you initiate the transfer, you will be prompted to confirm the transaction via your connected wallet. Be aware that the transaction requires confirmation via your external wallet. Once confirmed, the transfer process will begin. After the transfer is completed, your assets will be available in your Ethereum wallet, ready for use on the blockchain. To check the status of your transaction, click on 'Activity' in the upper left corner of the screen.
# Individual Users
Web3 users are at the forefront of adopting decentralized technologies. They prefer maintaining control over their digital assets and seek platforms that align with these values. Wirex Pay offers a perfect solution for these users, enabling them to integrate their digital assets seamlessly into everyday transactions. Use Cases and Benefits: * Spending Digital Assets: Users can spend stablecoins and cryptocurrencies directly from their non-custodial wallets at millions of merchants worldwide, without transferring custody. * Enhanced Security: By retaining full control over their funds, users eliminate counterparty risks associated with custodial platforms. * Flexible Integration: Any non-custodial wallet can connect to Wirex Pay, providing easy access to the payment rails with minimal setup. * Convenience: The onboarding process is smooth and user-friendly, making it easy for Web3 enthusiasts to get started. # Non-Custodial Wallets
Non-custodial wallet providers can enhance their offerings by integrating with Wirex Pay, allowing them to issue payment cards to their users. This integration bridges the gap between digital assets and real-world transactions, adding significant value to their services. Use Cases and Benefits: * Easy Integration: Wirex Pay’s system allows for seamless setup without the complexities of traditional onboarding processes. * Additional Services: Providers can offer new features to their user base, such as the ability to pay at over 80 million merchants. * Revenue Opportunities: By providing payment cards, wallet providers can open new monetization channels. * Co-Branded Cards: Wallet providers can issue cards branded with their design, creating a unique identity and enhancing user loyalty. # Payroll and Expense Management Businesses can utilize Wirex Pay to streamline their payroll and expense management processes. This solution is particularly beneficial for companies looking to distribute funds efficiently and cost-effectively. Use Cases and Benefits: * Salary Distribution: Companies can use Wirex Pay to pay employees in cryptocurrency, offering instant and cost-effective salary transfers. * Expense Management: Wirex Pay cards can be used to manage and track company expenses, providing transparency and control. * Integration with Existing Systems: Businesses can easily incorporate Wirex Pay into their current financial infrastructure, ensuring a smooth transition. # Communities
Web3 communities can leverage Wirex Pay to issue co-branded cards that support their native tokens. This capability helps strengthen community identity and provides additional utility for their tokens. Use Cases and Benefits: * Co-Branded Community Cards: Communities can design cards with their logo and branding, fostering a sense of belonging among members. * Token Utilization: Members can use their community tokens for everyday purchases, increasing the token's utility and circulation. * Member Engagement: Offering branded payment solutions enhances the value proposition for community members. # Web3 Builders Developers and innovators in the Web3 space can integrate Wirex Pay into their applications to create new financial solutions and services. The platform’s flexibility and robust features make it an ideal choice for a wide range of use cases. Use Cases and Benefits: * Crypto-Backed Credit Solutions: Developers can create systems where users leverage their crypto assets as collateral to use Wirex Pay cards like credit cards. * Expense and Payroll Management Integration: Wirex Pay can be integrated into MPC (Multi-Party Computation) wallets or smart contracts for managing expenses and payroll. * Streaming Payments: Enable real-time streaming payments directly to Wirex Pay cards, facilitating innovative financial models. > Wirex Pay’s non-custodial cards are at the cutting edge of this evolution, offering unparalleled control and integration for a wide range of users.