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 Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, 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 Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term 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,” he continued. “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.