Wirex Pay Rolls Out Non-Custodial Wallet for Global Crypto Transactions

Wirex Pay has launched early access to its new app for
select whitelisted users. The app is part of Wirex’s decentralized payment
network, aiming to update the use of digital assets in everyday payments.
This early phase allows users to test the system before a broader rollout.

Direct Crypto Payments Worldwide

Wirex Pay is designed to give users complete control over
their digital assets through a non-custodial wallet.

It offers crypto payment
capabilities for both online and in-store purchases across over 200 countries.
The app is structured to eliminate the need for intermediaries, giving users
direct access to their assets for secure transactions.

Meanwhile, payment card provider Visa
is expanding its collaboration with Wirex to promote Web 3 payments in the
UK and the European Economic Area, as reported by Finance Magnates.

The partnership aims to enhance payment services by
integrating Visa cards and minimizing payment friction through Visa’s network. The
official announcement highlights the introduction of Wirex Pay, a modular Zero
Knowledge payment chain.

Blockchain Technology Made Accessible

Some features include real-time crypto payments, control
through a non-custodial wallet, and a focus on privacy. Wirex Pay integrates ID
verification for added security while maintaining user autonomy over assets.

According
to the firm, the platform aims to make blockchain technology more accessible
for real-world spending, allowing users to carry out instant transactions
globally.

“Wirex Pay represents a significant step forward in the
evolution of crypto payments,” commented Pavel Matveev, Co-Founder of Wirex Pay.

“We’ve removed the barriers between crypto and everyday
transactions, giving users the power to spend their assets freely and securely.
We’re thrilled to offer this exclusive early access to our community and can’t
wait for everyone to experience the future of payments.”

Recently, Wirex
has integrated ZeroFox’s monitoring tools to address dark web threats and
money mule accounts. The solution uses human and artificial intelligence to
detect risks like leaked data and fake credentials.

This article was written by Tareq Sikder at www.financemagnates.com.
Credit: Source link