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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  • Self-Custody
  • Digital Asset Flexibility
  • Uncompromised Security
  • Instant Spending
  1. Wirex Pay
  2. Wirex Pay Overview

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.

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Last updated 10 months ago

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