Sunday, June 23, 2024

Wirex Introduces Polygon Blockchain to App & Non-Custodial Wirex Wallet

Leading crypto payments company Wirex, today announced the addition of the Polygon blockchain to their recently launched non-custodial wallet, as well as the industry leading Wirex app. Users will have access to the benefits of the Polygon blockchain, which joins the Wallet alongside the Ethereum, Avalanche, Binance Smart Chain and Fantom blockchains, and the Bitcoin and Ethereum blockchains on the app.

Available worldwide, Wirex launched their mass-market non-custodial wallet at the end of 2021, complementing the Wirex app and crypto-enabled card with over 4.5 million customers. Expanding the Wirex Wallet and app’s network to include the Polygon blockchain is the next step in achieving the company’s goal to increase accessibility to the benefits of crypto and DeFi.

Polygon combines the best of Ethereum and sovereign blockchains to address issues with other blockchains hindered by network congestion, high gas fees and slow transaction speeds, without forfeiting security. Giving mainstream users easier than ever access to DeFi, the Wirex Wallet boasts a unique set of features including biometric security and complex seed phrases in place of a private key. Combined with the innovation and reliability of the Wirex Wallet, the addition of Polygon’s multi-chain system will give Wirex Wallet users access to one of the most versatile blockchains on the market.

This week, the Polygon blockchain will also join the Wirex app, a digital payments platform linked up to a crypto-enabled debit card, heralded the first of its kind. The stablecoin BRZ (Brazilian Digital Token) will be the first token to launch in-app on the Polygon blockchain, with plans to migrate Polygon’s native token, MATIC, to that blockchain within Wirex after. Diversifying the blockchains available on the app will allow hundreds more assets to be supported with the ability to receive, send, store and exchange them on their mobile device, securely and efficiently, and be spent at over 61 million locations around the globe.

Co-Founder and CEO of Wirex, Pavel Matveev stated: “At Wirex we want to give crypto users access to the best innovations within the sector, and implementing the Polygon blockchain gives customers more flexibility to choose lower cost options within DeFi and crypto. Wirexers will now be able to fully benefit from Ethereum’s network effects, whilst taking advantage of the next-generation security, user interface and features within the Wirex ecosystem.”

Arjun Kalsy, VP of Growth at Polygon, said, “By adding Polygon, Wirex has ensured that users can enjoy ultra-low gas fees and swift transaction speeds, while still leveraging Ethereum’s robust security model.”

Later this year, Wirex has plans to integrate further blockchains into the award-winning Wirex app, giving people globally increased choice on how they want to utilise decentralised finance and the digital economy.

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