Wirex Pay
  • 👋What is Wirex Pay?
  • Wirex Pay
    • Vision and Inspiration
      • On-chain trend
      • Vision of Wirex Pay
      • Inspiration Behind Wirex Pay
    • Evolution of Crypto Debit Cards
      • 1st Generation: Reloadable Prepaid Cards
      • 2nd Generation: Wallet-Linked Debit Cards
      • 3rd Generation: Non-Custodial Cards
      • Comparison of Crypto Card Generations
    • ⭐Wirex Pay Overview
      • Innovative Infrastructure
      • Value Propositions
      • How Wirex Pay Works
      • Incubated by Wirex
    • Wirex Pay ZK Infrastructure
      • ZK Rollups
      • ZK Validium
      • Validium vs. Rollup
      • Wirex Pay and AggLayer Integration
      • Wirex Pay ZK Tech Benefits
    • Target Audience and Use Cases
  • Tokenomics
    • DAO
    • 👉Tokenomics
    • 🕑Locked/Vested Wallets
    • Node Operator Rewards
    • Difference Between WXT and WPAY
    • Relationship Between Wirex and Wirex Pay
  • Restaking
    • What is Restaking?
    • 🔐Dual Staking: A New Era of Security
    • Actively Validated Services (AVS)
  • Tech
    • Wirex Pay Chain
  • Use Cases
    • Individual Users
    • Non-Custodial Wallets
    • Payroll and Expense Management
    • Communities
    • Web3 Builders
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  1. Wirex Pay
  2. Evolution of Crypto Debit Cards

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.

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Last updated 10 months ago