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Wirex, a leading web3 app company, has officially launched early access to its Wirex Pay, a non-custodial crypto payments platform designed to offer users more control and security over their assets.

According to the official communication from Wirex, Wirex Pay’s early access phase is open to users who joined the Node Sale Whitelist, marking a significant step forward in the intersection of blockchain and everyday financial transactions.

The launch of Wirex Pay comes at a time when trust in centralized platforms has waned due to high-profile collapses such as FTX and Celsius.

Wirex Pay seeks to restore faith in crypto payments by offering a self-custody wallet that prioritizes user control.

Instead of relying on third-party intermediaries to manage their funds, users will have access to private keys and multi-signature security features, ensuring their assets are safe and fully within their control.

One of Wirex Pay’s most compelling features is its ability to facilitate everyday transactions using popular stablecoins.

The platform currently supports USDT, USDC, and DAI, all of which can be bridged from the Ethereum blockchain to the Wirex Pay network.

This built-in bridging feature allows users to seamlessly transfer their holdings from Ethereum, making the platform accessible to those who are already holding assets on the network.

Notably, using the Wirex Pay app requires users to bridge their crypto assets, after which users can order a Wirex Pay card, choosing between a virtual or plastic version.

This card, which functions as a non-custodial debit card, allows users to make purchases in over 200 countries, offering the flexibility to spend crypto assets with the ease of a traditional debit card.

Wirex Pay’s launch coincides with a growing trend toward non-custodial solutions in the broader crypto ecosystem.

This trend is exemplified by partnerships such as the one between Mastercard and Mercuryo, a European crypto payments infrastructure provider, which aims to support non-custodial crypto wallets.

Wirex Pay has adopted non-custodial wallets, ensuring that users maintain full control over their assets without the need for third-party intervention.

Unlike traditional custodial wallets, where funds are managed by an exchange or financial entity, non-custodial wallets give users the private keys necessary to manage and protect their funds.

Furthermore, Wirex Pay uses multi-signature technology to enhance security, adding an extra layer of protection against unauthorized transactions.

Pavel Matveev, the co-founder of Wirex Pay, emphasized how the platform aims to remove barriers between crypto assets and daily payments.

By setting spending limits, users give Wirex Pay temporary permission to debit accounts within those limits, offering more control and transparency than centralized platforms.

In a world increasingly driven by decentralized finance (DeFi) and the need for transparent financial systems, Wirex Pay offers a practical solution for everyday crypto payments.

With its user-first approach, the platform could reshape how digital assets are integrated into daily financial transactions, setting a new standard for security, convenience, and freedom in the Web3 era.

The post Web3 money app Wirex launches cryptocurrency payment platform appeared first on Invezz

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