Wirex Integrated Avalanche Blockchain In Its 4.5M Users Ecosystem PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Wirex Integrated Avalanche Blockchain In Its 4.5M Users Ecosystem

Time Stamp: February 28, 2022 12:22 PM

The digital payment platform Wirex integrated Avalanche Blockchain into its payments platform that has more than 4.5 million users. In our latest Blockchain news today, we are reading more about the integration.

Users can spend AVAX in addition to other 61 crypto and traditional currencies on Wirex once linked up to the debit card. Wirex integrated Avalanche and made it available to its 4.5 million user database to more than 61 million locations around the world. With this move, the users can send, receive, store and exchange AVAX tokens and add custom tokens to the Avalanche blockchain. The company plans to onboard more AVAX based tokens over the next few months.

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Wirex users will be able to earn 20% in annual interest on AVAX thanks to the company’s decentralized finance savings product X-Accounts. The company has over 4.5 million users in about 120 countries across its wallet, app, and payment platform. Regarding the development, John Wu as the president of Ava Labs, and creator of AVAX blockchain, said:

“Wirex is moving fast to make digital assets and the innovation happening on public blockchains more accessible to the masses.”

In the meantime, Wirex CEO and founder Pavel Matveev said that the addition of AVAX is helping to develop use cases for the ecosystem and around improving blockchain accessibility. Wirex claims to have developed the world’s first crypto-enabled payment card in 2015 and then expanded to the US after onboarding BNB Chain, Fantom and Polygon at the same time. Wirex also has its own native token WXT and reward program that can give the cardholders up to 2% back in WXT for each transaction they make. The company already has processed more than $5 billion worth of transactions since 2014.

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As recently reported, As a part of the efforts to achieve its multi-chain goal, Polkastarted integrated Avalanche. The move to integrate it commenced after the success with the latest integration by the company with Celo. The new decision is now a part of the effort to become a global multichain as integrating Avalanche will make it available for IDOs and fixed swaps. With the integration, the users of the platform can take part in more IDOs by having access to the Avalanche ecosystem so the users can now pay lower network charges after the integration.

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