Blockchain Personal Finance Platform
Fintech Startup Wirex made a very big impression at Startup Festival 2017. Wirex is a global blockchain personal finance platform that was founded in 2014. In addition, they are in over 130 countries with over 950,000 users. They have a daily transaction volume of over $3.7 million. Furthermore, their main focus is on cryptocurrency payment and exchanges. Also, Wirex has been able to form many partnerships as they grew. Some of Wirex’s partners include:
VISA
SBI Group
TradeBlock
Currencycloud
SBI FXTRADE
ELLIPTIC
BitGo
There are over 800 cryptocurrencies out on the market. However, most can’t easily be spent. Therefore less have .5% of merchants accept cryptocurrency payments. Because most are due to the long process/transaction time as well as high remittance fees.
What is the Solution? The Wirex app and Multi-Currency Card.
Wirex app
The Wirex app works as a virtual payment card, mobile bank, and instant currency exchanges and transfers. In addition, all this occurs under a state of the art security system.
Multi-currency card
Wirex VISA card keeps all the user’s funds, both traditional and cryptocurrency.
In addition, Wirex also offers co-branded corporate accounts and cards.
Why Choose Wirex for Cryptocurrency?
- Supports 50+ cryptocurrencies and 25 FIAT currencies.
- Multi-signature wallets for Bitcoin, Ether, etc.
- Wirex Liquidity Network (W-Pay)
- Real-time rates for cryptocurrencies and FIAT
- Corporate Accounts and cards
- Convert cryptocurrencies into FIAT to use in daily transactions or for profit
- Send payments abroad without a bank account
Finally, the Wirex platform software was built in-house. Therefore, they have a great team of over 65 full-time engineers that can react to changes in customer behavior and demands. As a result, it takes weeks or even months for companies to adjust. However, Wirex has the team to introduce new functionality in a matter of hours for multiple currencies and payment networks. Therefore, Wirex has the team and the platform to really innovate the Fintech industry.
