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The digital payment platform, Wirex, has announced the launch of its revolutionary X-Accounts feature and a partnership with Fireblocks, an industry-leading cryptocurrency provider.
On its way to becoming one of the most accessible paid accounts in the world, X-Accounts will allow users to earn up to 16% on their crypto and trust funds.
Wirex’s long-term goal has been to make crypto open to everyone, providing the ability to use crypto on a daily basis with the world’s first crypto-enabled debit card. With Decentralized Finance (DeFi) becoming extremely popular in recent months, the latest announcement will open up the often complex and expensive DeFi space to everyone from die-hard crypto investors to casual and everyday users, and bring the benefits of DeFi to the mass market. .
X-Accounts will allow clients to earn unprecedented levels of interest on trust and crypto funds * compared to competitors and big banks. By avoiding the costly fees and complicated processes often associated with DeFi and yield farming, users will have ultimate control over their funds, with instant access, no minimum holdings, and no maintenance fees for each pot.
Combined with Wirex’s other market-leading benefits, the addition of X-Accounts reaffirms the company’s vision of becoming the go-to crypto platform for users of all skill levels. This includes consistently low fees, exclusive interbank and OTC exchange rates, free international ATM withdrawals, up to 2% Cryptoback rewards on card purchases, and the ability to hold multiple crypto and fiat accounts with just one. intuitive application.
Further eliminating the complexity and trust issues often associated with owning a crypto wallet, Wirex also announced the upcoming integration with enterprise Fireblocks technology to provide maximum security for user funds. Developing Wirex’s reputation for regulatory compliance and customer security, the partnership will give Wirex up to $ 30 million in crypto asset insurance.
Pavel Matveev, CEO and Co-Founder of Wirex, said: X Accounts will give everyday users easier access than ever to DeFi, offering quick cryptocurrency deposits and high interest rates on fiat holdings and cryptographic from anyone,[LW2] which means clients can sit back and watch their assets grow like never before. By working with Fireblocks to deliver secure, scalable, and integrated compliance protocols, customers can use X-Accounts without worrying about the risk often associated with many DeFi products.
Michael Shaulov, CEO and Co-Founder of Fireblocks, describes the importance of technology: “Maximizing the security of digital assets is extremely important with this level of scale and operational efficiency, especially when it comes to DeFi. Relying on the Fireblocks platform will provide an additional layer of security for Wirexs customers as they become a part of the growing DeFi ecosystem. “
The latest news has further strengthened Wirexs support for the DeFi space, following a series of important announcements. In May, Wirex migrated 20% of its native token, WXT, to the Ethereum blockchain, and recently hosted an exclusive NFT giveaway. Since then, they have launched several ERC-20 tokens on the platform, including UNI, AAVE, and MKR, with plans for many more.
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