Wirex, a leading Web3 money app, is excited to introduce exclusive early access to WPay, a decentralized payment network, utilizing the capabilities of the award-winning Wirex platform.

WPay solves problems related to intermediaries, custody risks, and slow, expensive settlements. With WPay, users can enjoy a smoother and more secure payment experience, marking a significant advancement in simplifying financial interactions.

Targeting decentralized applications, non-custodial wallets, and DAOs, WPay provides a transformative solution in the digital finance landscape.

Key value propositions of WPay:

• Self-Custody: Gain direct control over assets with the WPay Card, mitigating counterparty risk.
• Digital Asset Flexibility: Easily manage digital assets, lending, and borrowing.
• Uncompromised Security: Enjoy the highest security standards for peace of mind.
• Instant Spending: Utilise crypto as simply as cash, accepted by over 50 million merchants in more than 200 countries.

With the WPay self-custodial debit card, users can spend their digital assets in the traditional economy through the WPay network. Accepted by over 50 million merchants in more than 200 countries, the card enables users to have direct control over their assets, ensuring no counterparty risk.

Pavel Matveev, CEO and Co-founder of Wirex, comments, "WPay revolutionises digital asset use in daily life, seamlessly merging them with traditional transactions. Bridging the gap between digital assets and everyday transactions has been challenging. WPay represents a significant advancement, allowing individuals to use digital assets for everyday purchases and services. This ushers in a new era of practical cryptocurrency use beyond mere investment."

How it works:

• Sign Up and Set Up

Register with WPay and set up your unique Spending Account Abstraction (AA), integrating it with your Externally Owned Account (EOA) wallet. 

• Gain Full Control

​Enjoy complete self-custody of your funds, ensuring security and freedom from third-party custody. 

• Customise and Secure

Personalise your spending limits and preferences. Transactions are authorized based on your balance and limits, prioritizing security. 

• Seamless Financial Operations

Experience efficient transaction settlement in fiat currency with card schemes, streamlined for smooth financial management