Wirex Announces the Expansion of Its Stablecoin Payment Platform to the U.S. in Partnership with Bridge.xyz
DENVER, Feb. 27, 2025 /CNW/ -- Wirex, a leading Web3 money app, has announced the expansion of its innovative stablecoin payment platform, Wirex Pay, to the U.S. This milestone marks a major step in making stablecoin payments more accessible, offering U.S. residents a seamless, secure, and self-custodial way to transact with stablecoins.
The expansion is powered by a strategic partnership with Bridge, a leading stablecoin orchestration platform. Through this collaboration, Wirex Pay enables U.S. users to make payments directly from non-custodial wallets via card and bank transfers while maintaining full control over their funds.
With Bridge providing stablecoin orchestration and instant on/off-ramp solutions, U.S. users can now access real-time, automatic swaps between fiat and stablecoins. This enhances the speed, transparency, and flexibility of payments, further bridging the gap between digital and traditional finance.
What Wirex Pay's Expansion Means for U.S. Stablecoin Users
- Pay With Stablecoins Anywhere Visa is Accepted: Use any stablecoin for everyday purchases across 200+ countries and 80M+ merchants.
- Innovative Stablecoin Payment Infrastructure: The expansion of Wirex Pay introduces a seamless stablecoin payment solution, allowing users to transact efficiently without intermediaries.
- Self-Custody & Security: Users retain full control over their stablecoins, eliminating reliance on third-party custodians.
- Seamless Integration: Wirex Pay enables U.S. residents to connect any non-custodial wallet for stablecoin-powered card and bank payments.
- Stablecoin On/Off Ramp: Through Bridge, users gain instant access to stablecoins and U.S. Dollar bank accounts, enabling smooth conversions between digital and traditional currencies.
- Real-Time On-Chain Swaps: Automatic, real-time on-chain swaps between fiat and stablecoins open new possibilities for payments, benefiting both consumers and businesses.
"Wirex Pay is setting the standard for non-custodial stablecoin payments, and we're already seeing strong demand from AI agents looking to transact autonomously using stablecoins," said Pavel Matveev, Co-founder of Wirex. "By offering a decentralized payment layer that works anywhere Visa is accepted, we're unlocking new financial capabilities for both humans and AI-driven economies."
Dmitry Lazarichev, Co-founder of Wirex, added, "Stablecoins have the potential to revolutionize global payments, offering a reliable, low-cost alternative to traditional banking. With this launch, Wirex Pay is making stablecoin transactions more accessible than ever for U.S. users."
Zach Abrams, Bridge Co-Founder and CEO, shared, "We're excited to partner with Wirex and pull forward the stablecoin ecosystem. By combining our technology with Wirex Pay's expertise, we're providing users with a seamless, flexible, and secure way to interact with stablecoins. We're thrilled to give more people access to better money."
With this expansion, Wirex continues to push the boundaries of financial innovation, making stablecoin payments more practical and widely available for users worldwide.
Notes to editors:
About Wirex
Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.
| wirexapp.com | wirexpaychain.com |
About Wirex Pay
Wirex Pay is a pioneering stablecoin payment platform, incubated by Wirex, that bridges the gap between blockchain innovation and real-world usability. Built on Zero Knowledge (ZK) technology, Wirex Pay delivers unmatched privacy, scalability, and efficiency, redefining how stablecoins are utilized for global payments. At the core of Wirex Pay is its ability to issue non-custodial Visa cards, empowering users to spend their stablecoins seamlessly at over 80 million merchants in 200+ countries wherever Visa is accepted. By combining the reliability of Visa's global payment network with the innovation of blockchain, Wirex Pay ensures users can transact with confidence and convenience.
About Bridge.xyz
Bridge is an API platform for stablecoin issuance and orchestration as a service. Today, Bridge processes well over $10b in annualized transaction volume, serving customers like AirTM, Coinbase, Shift4, and even the US Government. In 2024, Bridge was acquired by Stripe for $1.1 billion.
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SOURCE Wirex