BLOCKCHAIN

Wirex App Enables Avalanche Blockchain for 4.5M Users

Wirex | March 01, 2022

Wirex_App_Enables
Wirex, a leading crypto provider, has announced that it is expanding its sphere to enable access to the popular Avalanche blockchain and tokens for 4.5 million users. The popular Avalanche blockchain and tokens recently launched the award-winning Wirex Wallet and the app.

Wirex is available in more than 120 countries and has been on a mission to allow customers to reap the benefits of crypto and DeFi. The mission also includes the expansion of Avalanche, which will accelerate progress for an unparalleled user experience and technology. Avalanche is the fastest intelligent contracts platform in the blockchain industry. Interestingly, it is compatible with Ethereum smart contracts and tooling. As a result, Ethereum users and developers can quickly access high-performance decentralized apps with such compatibility.

With the support of Avalanche in the application, Wirex is actively enabling mainstream users to access Defi easier than before. On this platform, users can send, receive, store and exchange payments through their mobile devices in a secure way. In addition, users can also take advantage of cheaper gas fees and can take advantage of custom tokens on blockchains.

Furthermore, Wirex app users can also purchase AVAX with their debit/credit card at market rates, which can be seamlessly exchanged and easily sent and received to and from any other AVAX wallet. Furthermore, users can spend AVAX plus up to 61 cryptos with the help of using traditional currencies globally on the Wirex platform, which is linked to a crypto-enabled debit card. Apart from this, users can also earn up to 20% AER interest* on AVAX through the recently launched Defi savings product at particular monthly fees.

Pavel Matveev, CEO and Co-Founder of Wirex commented, "Wirex continues to innovate and build partnerships that strengthen our offerings, and the addition of Avalanche is helping to develop use-cases for the Wirex ecosystem. In addition, Avalanche's reputation for improving blockchain's accessibility closely aligns with Wirex's, where we can together help to offer users of all backgrounds more choice and flexibility over how they wish to use crypto."

Wirex and Ava Labs, a team supporting development of the Avalanche blockchain, have worked with the payment technology company Mastercard. With Mastercard, it will help make the entire payment process a reality. As a result, Wirex became a crypto card program partner in 2020, and Avalanche became a Mastercard Start Path Crypto engagement program member in 2021.

Wirex is moving fast to make digital assets and the innovation happening on public blockchains more accessible to the masses. We're excited to support Wirex's expansion to Avalanche and look forward to further collaboration with Wirex and Mastercard."

John Wu, President of Ava Labs

Spotlight

Trade-off theory of capital structure state that the mix of capital in a firm is determined by the trade-off between the benefits of debt and the costs of debt. One of the major costs of debt is the cost of financial distress which can be direct or indirect. Consequently, there were some attempts to estimate the bankruptcy or financial distress costs.

Spotlight

Trade-off theory of capital structure state that the mix of capital in a firm is determined by the trade-off between the benefits of debt and the costs of debt. One of the major costs of debt is the cost of financial distress which can be direct or indirect. Consequently, there were some attempts to estimate the bankruptcy or financial distress costs.

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