Wirex Reveals W-Pay: The Revolutionary ZK-powered App Chain for Seamless Issuance of Non-Custodial Crypto Debit Cards
Wirex, a leader in digital payment solutions, proudly announces W-Pay, a cutting-edge Zero-Knowledge (ZK)-powered App Chain poised to transform the landscape of global payments. Designed to seamlessly connect decentralised applications, non-custodial wallets, and traditional payment infrastructures, W-Pay heralds a new era of efficiency and security in financial transactions.
W-Pay introduces a groundbreaking capability, empowering decentralised applications (dApps) and non-custodial wallets to issue non-custodial crypto debit cards. By eliminating third-party risks, this innovative solution ensures that account owners maintain exclusive control over their funds. Wirex facilitates card transactions up to a predefined limit, facilitating the integration of dApps and non-custodial wallets with traditional payment rails while preserving fund access—a crucial advancement for the burgeoning Web3 industry.
Pavel Matveev, CEO and Co-Founder of Wirex, commented, “W-Pay embodies innovation, facilitating the seamless integration of decentralised applications into established payment and banking infrastructures. Our commitment is to provide a reliable user experience characterised by enhanced security, where users always retain absolute control over their assets.”
Key Features of W-Pay:
- ZK-Powered Technology: Ensuring swift and secure transactions through the integration of Zero-Knowledge technology.
- EVM Compatibility: Tailored for seamless integration with the Ethereum Virtual Machine, promoting diverse functionalities and interoperability.
- Account Abstraction (AA): Streamlining transaction processes by eliminating inherent complexities, enhancing user experience.
Built on Polygon’s revolutionary Chain Development Kit (CDK), W-Pay harnesses cutting-edge Zero-Knowledge technology, ensuring enhanced scalability and security. Polygon 2.0’s CDK facilitates effortless settlements on Ethereum and provides automatic access to a unified liquidity pool, initiating an era of limitless innovation and interoperability.
Matveev further highlighted the instrumental role of Polygon’s technology, stating, “With Polygon’s cutting-edge Zero-Knowledge technology, W-Pay is geared to usher in on-chain card payments, showcasing the capacity to process thousands of transactions per second. This milestone is a testament to the unparalleled efficiency and security that blockchain transactions can achieve.”
As Wirex continues its relentless pursuit of pioneering solutions, W-Pay emerges as a hallmark of innovation, security, and speed. This ZK-powered App Chain is not just a technological advancement but a catalyst for the seamless convergence of decentralized and traditional financial systems. Every transaction under W-Pay is designed to be swift, secure, and user-centric, setting a new benchmark in the global financial ecosystem.
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