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Avalanche blockchain now accessible to 4.5M users across Wirex payment ecosystem

Avalanche blockchain now accessible to 4.5M users across Wirex payment ecosystem

Wirex, a digital cost platform that allows customers to spend 62 fiat and cryptocurrencies at greater than 61 million areas worldwide through the Wirex platform, introduced the mixing of Avalanche (AVAX) into its ecosystem on Monday. With the transfer, customers can obtain, ship, retailer and trade AVAX tokens, and add customized tokens through the Avalanche blockchain. The corporate plans to onboard a number of AVAX based mostly tokens over the subsequent few months.

As well as, Wirex customers will have the ability to earn 20% in annual curiosity on AVAX via the agency’s decentralized finance financial savings product, X-Accounts. The corporate has over 4.5 million customers in additional than 120 international locations throughout its app, pockets and cost platforms. 

Concerning the event, John Wu, president of Ava Labs, the creator of the AVAX blockchain, mentioned “Wirex is transferring quick to make digital property and the innovation occurring on public blockchains extra accessible to the plenty.”

In the meantime, Wirex CEO and co-founder Pavel Matveev mentioned the addition of AVAX is “serving to to develop use circumstances for the Wirex ecosystem,” particularly round enhancing blockchain accessibility. 

Associated: Way forward for finance: US banks associate with crypto custodians

Wirex claims to have developed the world’s first crypto-enabled cost card in 2015. In January, the corporate expanded to the USA and onboarded the Polygon, BNB Beacon Chain and Fantom blockchains at across the identical time. Wirex additionally has its personal native utility token, WXT, and a crypto reward program that offers cardholders as much as 2% again in WXT for each transaction they make. The corporate has processed greater than $5 billion price of transactions since 2014.

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