Avalanche blockchain now accessible to 4.5 million users in the Wirex payment ecosystem

Wirex, a digital payment platform that allows users to spend 62 fiat and cryptocurrencies in more than 61 million locations worldwide through the Wirex platform, announced on Monday the integration of Avalanche (AVAX) into its ecosystem. The move will allow users to receive, send, store and exchange AVAX tokens and add custom tokens through the Avalanche blockchain. The company plans to onboard multiple AVAX-based tokens in the coming months.

Additionally, Wirex users can earn 20% annual interest on AVAX through X-Accounts, the company’s decentralized financial savings product. The company has more than 4.5 million users in more than 120 countries through its app, wallet and payment platforms.

Regarding the development, John Wu, president of Ava Labs, the creator of the AVAX blockchain, said, “Wirex is moving fast to make digital assets and the innovation happening on public blockchains more accessible to the masses.”

Meanwhile, Wirex CEO and co-founder Pavel Matveev said the addition of AVAX “helps develop use cases for the Wirex ecosystem,” especially around improving blockchain accessibility.

Related: Future of Finance: US Banks Team up with Crypto Custodians

Wirex claims to have developed the world’s first crypto-enabled payment card in 2015. In January, the company expanded into the United States and around the same time boarded the Polygon, BNB Beacon Chain, and Fantom blockchains. Wirex also has its own native utility token, WXT, and a crypto rewards program that gives cardholders up to 2% back in WXT for every transaction they make. The company has processed more than $5 billion in transactions since 2014.

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