WireX Launches New Solution for Non-Custodial Crypto Transactions

In a move to bolster user trust amid rising skepticism towards centralized financial systems, Wirex has rolled out Wirex Pay, a modular blockchain tailored for seamless payment transactions.

The early access launch on October 9 allows select users to execute everyday transactions using cryptocurrencies directly from their non-custodial wallets.

Pavel Matveev, co-founder of Wirex, shared insights into the evolving landscape of digital finance, noting that the fallout from high-profile collapses like FTX and Celsius has left many investors wary. Wirex Pay aims to empower users by providing them full control over their assets, utilizing security features such as private keys and multisignature capabilities.

To get started with Wirex Pay, users must complete a comprehensive ten-step onboarding process that involves obtaining a non-custodial card, undergoing identity verification, linking their crypto wallet, and funding their account. The service facilitates transactions with popular stablecoins like Tether (USDT), USD Coin (USDC), and Dai (DAI), and is currently operational in 54 countries, though it excludes the United States.

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Furthermore, Wirex Pay enables users to transfer assets from the Ethereum blockchain, with applicable gas fees. In related developments, Mastercard has recently expanded its support for non-custodial cryptocurrency wallets through a partnership with Mercuryo, further promoting secure cryptocurrency transactions for users.

Alexander Stefanov