• Wirex Pay launches non-custodial crypto payment app, prioritizing user control and security.
  • App responds to growing demand for self-custody following centralized platform failures.
  • Wirex Pay bridges traditional finance and DeFi, supporting stablecoin transactions in 54 countries.

On the 9 th of October, Wirex Pay released early access to their revolutionary crypto payments application and it was a massive leap into the world of De-Fi. The app for users who completed the Node Sale Whitelist allows them to make payments using a non-custodial payment method, where they stay in full control of their funds. This is a turning point in the crypto payments, Wirex Pay aims to increase the security, and the level of self-custody among the users.

The Growing Demand for Self-Custody

In light of numerous recent failures in centralized cryptocurrency platforms like FTX and Celsius, people are now seeking decentralized methods to manage their pertinent cryptocurrencies. Thus, in response to this trend, Wirex Pay has created a platform to which user control is central.

1/ 🚀 Wirex Pay App Early Access is LIVE! 🚀

Today marks a new era in #crypto payments! The Wirex Pay App early access is NOW OPEN to users who joined the Node Sale Whitelist.

➡️ https://t.co/cGrq5G0kk6

Ready to pay directly from your non-custodial wallet? Read more! 🧵 👇 pic.twitter.com/pxicq0SoNY

— Wirex Pay 🥇💳 (@wirexpaychain) October 7, 2024

The Wirex Pay app empowers its users to own private keys altogether as non-custodial wallets prevent the involvement of third parties in managing user’s assets.Wirex co-founder Pavel Matveev also stressed on this boost in security saying that Wirex Pay has erased the line between cryptocurrency and real-world purchases.

People are free to use their cryptocurrencies to make purchases in a secure way to create multisignature methods and private keys. It features an interface designed to counter the increasing use—particularly around custodial services—that requires a user to turn over their assets.

Read CRYPTONEWSLAND on google news

A Step Toward Decentralized Finance

Wirex Pay is a 10 stage user onboarding that requires KYC verification and non-custodial card creation. It also works with stablecoins namely; USDT, USDC and DAI for users to recharge the accounts or make payments to the global merchants. Present in 54 countries but it is not available in the US. Users can convert Ethereum blockchain assets held for gas fees.

Although this is the case, Wirex Pay’s early access launch can be described as ideal since the world is embracing decentralized financial solutions. Wirex Pay can easily offer a safe environment that assimilates traditional finance with decentralized tools at their best. Wirex Pay allows users to manage their assets au and directly responds to the most critical lines of doubt, which may become the new benchmark for crypto payments.

disclaimer read more

Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.