Regulated digital payments platform, Wirex has integrated Avalanche Blockchain in its recently launched Wirex Wallet and payments app. Avalanche Now Live in the Wirex App, Wallet Wirex has announced the integration of the Avalanche ecosystem where users can now send, receive, store and exchange Avalanche’s native token, AVAX on its official app. It will also support the addition of custom tokens through the Avalanche blockchain, in the coming future. In addition, Wirex users will also be able to earn 20% in annual interest on AVAX through the firm’s recently launched DeFi savings product, X-Accounts. Commenting on the development, Pavel Matveev, CEO, and Co-Founder of Wirex, said: “Avalanche’s reputation for improving blockchain’s accessibility closely aligns with Wirex’s, where we can together help to offer users of all backgrounds more choice and flexibility over how they wish to use crypto.” Wirex is a digital payments platform that allows its users to spend around 62 fiat currencies and cryptocurrencies. The platform has over 4.5 million users with a presence in more than 120 countries. Wirex Not New to the Crypto World In 2015, Wirex created the first cryptocurrency-enabled payments card, the first to launch such a product. Last month, the company expanded its operations in the US including forming partnerships with leading blockchain platforms like Binance Smart Chain, Fantom, and Polygon. Wirex also has its own native utility token, WXT. The platform also has a crypto reward program that will allow cardholders to receive up to 2% back in WXT tokens for each transaction made on the platform.
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