Wirex, a London-based digital payment platform that prides itself in making cryptocurrencies more accessible and available for all has announced its integration of the Avalanche Blockchain. According to the firm, the move will allow over 4.5 million subscribers to access the popular Avalanche protocol and tokens through a newly introduced Wirex wallet.
Wirex, with a presence in more than 120 countries, will expand its primary product offerings to its users through Avalanche, and the integration will further expand its status as a platform that offers an unrivaled user experience. The wallet which was launched at the end of 2021 is an innovative keyless non-custodial wallet majorly for storing, growing, and earning rewards on one’s crypto assets and Non-Fungible Token (NFTs)
The president of Ava Labs, John Wu declared in a statement that Wirex is pushing faster than normal with the objective of making digital assets and the innovation occurring on blockchain to be more accessible to the masses. He further expressed his excitement in assisting Wirex’s expansion to Avalanche and looks ahead to further partnerships with Wirex and Mastercard.
The Wirex app is easy to use, regulated, and authorized. Users can earn up to 16% on their crypto and fiat funds. It also permits more than 3.1 million customers to use crypto and fiat currencies, making it possible to spend both fiat and crypto money via the Wirex card which generates instant bonuses.
Avalanche is famed as the fastest protocol platform in the blockchain industry as regards time-to-finality.
The CEO and Co-founder of Wirex also commented asserting that the innovation and partnership that Wirex is building is strengthening its contributions, and the expansion of Avalanche is similarly assisting in improving use-cases for the Wirex ecosystem. He further said Avalanche is big on blockchain innovation-a feature that aligns with Wirex’s.
Avalanche, powered by its native token AVAX, is a decentralized, open-source blockchain with smart contract functionality. It is aiming at delivering a solution to blockchain while sustaining decentralization and security, concentrating on reducing cost, and a speed in the rate of transactions.
With the onboarding, Users of Wirex can currently trade, store and exchange AVAX. Also, Wirex announced its utility token named WXT, cardholders will be able to earn a 2% crypto cashback reward in WXT tokens for every transaction carried out either online or in-store.