{"id":95922,"date":"2024-10-09T09:33:48","date_gmt":"2024-10-09T13:33:48","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=95922"},"modified":"2024-10-09T09:38:12","modified_gmt":"2024-10-09T13:38:12","slug":"wirex-pay-non-custodial-crypto-payment","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/wirex-pay-non-custodial-crypto-payment\/","title":{"rendered":"Wirex Pay Introduces Non-Custodial Crypto Payments"},"content":{"rendered":"\n

Wirex Pay launched its modular payment chain, which improves security with non-custodial wallets <\/a>and a private key mechanism.<\/p>\n\n\n\n

\"Wirex<\/figure>\n\n\n\n

Web3 money app Wirex has launched early access to Wirex Pay, a modular blockchain specifically created for payments. <\/p>\n\n\n\n

This move comes as trust in centralized platforms wanes and more users shift toward self-custody wallets.<\/p>\n\n\n\n

On October 9, Wirex Pay was made available for download\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> to selected users, enabling them to make everyday payments with cryptocurrencies through non-custodial wallets.<\/p>\n\n\n\n

\n

1\/ \ud83d\ude80 Wirex Pay App Early Access is LIVE! \ud83d\ude80

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

\u27a1\ufe0f https:\/\/t.co\/cGrq5G0kk6<\/use><\/svg><\/span><\/a>

Ready to pay directly from your non-custodial wallet? Read more! \ud83e\uddf5 \ud83d\udc47 pic.twitter.com\/pxicq0SoNY<\/use><\/svg><\/span><\/a><\/p>— Wirex Pay \ud83e\udd47\ud83d\udcb3 (@wirexpaychain) October 7, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

In an interview with Cointelegraph, Wirex Pay co-founder Pavel Matveev emphasized the lack of trust among investors after incidents like the FTX and Celsius collapses. <\/p>\n\n\n\n

Wirex Pay aims to respond to this trend by providing users full control over their funds, using private keys, multisignature methods, and additional security measures.<\/p>\n\n\n\n

Setting a Spending Limit on Non-custodial Crypto<\/strong><\/h2>\n\n\n\n

Matveev explained that users grant Wirex Pay temporary permission \u201cto debit their account up to a certain limit.\u201d<\/em> Regarding the app launch, he added, \u201cWe\u2019ve removed the barriers between crypto and everyday transactions, giving users the power to spend their assets freely and securely.\u201d<\/em><\/p>\n\n\n\n

Eligible users must complete a 10-step process, which includes ordering either a non-custodial plastic or virtual card, completing Know Your Customer (KYC) verification, linking a crypto wallet, and depositing funds into the account.<\/p>\n\n\n\n

\"Wirex<\/figure>\n\n\n\n

Wirex Pay supports Tether (USDT), USD Coin (USDC), and Dai (DAI) for top-ups and payments, with the service available in 54 countries, excluding the United States.<\/p>\n\n\n\n

Increasing Institutional Support for Non-custodial Payments<\/strong><\/h2>\n\n\n\n

Wirex Pay also allows users to bridge assets from the Ethereum blockchain in exchange for gas fees.<\/p>\n\n\n\n

Mastercard recently expanded its support<\/a> for non-custodial crypto wallets in a related development by partnering with European crypto payments provider Mercuryo. <\/p>\n\n\n\n

The collaboration allows users to spend crypto held in self-custody wallets.<\/p>\n\n\n\n

Christian Rau, Mastercard\u2019s senior vice president of crypto and fintech enablement, told Cointelegraph, \u201cAt Mastercard, we are working closely with partners to innovate and enhance the self-custody wallet experience.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Wirex Pay launched its modular payment chain, which improves security with non-custodial wallets and a private key mechanism. Web3 money app Wirex has launched early access to Wirex Pay, a modular blockchain specifically created for payments. This move comes as trust in centralized platforms wanes and more users shift toward self-custody wallets. On October 9, […]<\/p>\n","protected":false},"author":56,"featured_media":95928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[12094,7713,710,16653,1502,12973,13365],"class_list":["post-95922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-adoption-2","tag-altcoin","tag-business","tag-debit-cards","tag-regulation","tag-self-custody","tag-wirex-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/Wirex-Pay-Introduces-Non-Custodial-Crypto-Payments.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=95922"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/95928"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=95922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=95922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=95922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}