LONDON, June 24, 2025 /PRNewswire/ — Wirex, a leading global payments platform catering to 6 million users across 130 countries and a key member of Visa and Mastercard, is set to launch its specialized appchain in collaboration with Tanssi. The appchain is currently operational on Tanssi’s testnet, with plans for mainnet deployment later this year. This new infrastructure is designed to effectively manage Wirex’s substantial annual transaction volume of $20 billion, significantly decreasing dependency on third-party services.
Wirex Enhances Operational Independence with Tanssi, Boosting Global Crypto Transactions
This strategic initiative aims to facilitate compliant and cost-effective crypto transactions on a global scale. It simplifies Wirex’s operations while boosting its independence, ensuring Ethereum-level security, and improving interoperability with decentralized finance (DeFi), stablecoins, and tokenized assets. "Tanssi empowers us to significantly decentralize Wirex’s ecosystem. Their infrastructure-first strategy and readily available appchain environment greatly diminish technical hurdles while providing enhanced autonomy and scalability. This partnership is pivotal in our mission to mainstream crypto-powered payments," stated Dmitry Lazarichev, Co-founder of Wirex.
A Strategic Shift Towards a Fully Decentralized Payments Framework
As Wirex expands its global footprint, the management of millions of crypto transactions necessitates improved reliability, speed, and adherence to regulations. Historically, dependence on external infrastructure has posed challenges, including delays in compliance updates, elevated transaction fees, and limitations on innovation, all of which impact user experience. With global payments revenue estimated to exceed $3 trillion annually by 2028 and the tokenization of real-world assets (RWAs) expected to reach nearly $17 billion this year, the need for infrastructure that delivers consistent performance, strict compliance, and scalability is increasingly urgent. For Wirex, processing over $20 billion in transactions each year, addressing these infrastructure challenges is not just beneficial—it is critical. The launch of a dedicated appchain grants Wirex immediate control, significantly curtailing deployment delays and embedding essential compliance directly into the blockchain framework.
Reasons Behind Wirex’s Choice of Tanssi for Expanding Crypto Payment Solutions
Wirex opted for Tanssi to securely establish its decentralized appchain while expediting its market strategy. Tanssi is a decentralized infrastructure-as-a-service platform designed to deploy compliant, sovereign appchains in a matter of minutes, rather than months, providing Wirex with immediate control over its infrastructure, extensive regulatory customization, and accelerated product development on a global scale.
The benefits for Wirex include:
- Instant, Automated Appchain Deployment: Tanssi’s pre-designed, Ethereum-compatible templates and automated orchestration allow Wirex to quickly launch a fully functional appchain, thus speeding up its market entry and significantly reducing deployment costs and timelines.
- Institutional-Grade Security Backed by Ethereum: Tanssi has secured over $400 million in Ethereum-based economic security through Symbiotic’s Universal Staking framework, which means that appchains like Wirex can immediately leverage robust decentralized validation and shared economic security without the need to establish their own validators or staked value. This ensures that Wirex meets stringent global financial standards and compliance requirements from the outset, fostering innovation while simplifying operational complexities.
- Embedded Compliance and Transparent Governance: Tanssi’s integrated governance modules, customizable Ethereum Virtual Machine (EVM) compatibility, and runtime flexibility enable Wirex to incorporate essential compliance features—such as Know Your Customer (KYC) and Anti-Money Laundering (AML) processes—directly into its appchain logic, facilitating regulatory alignment and promoting transparent, on-chain community engagement in protocol evolution.
- Scalable Operations and Reduced Costs: Tanssi’s infrastructure-as-a-service model streamlines infrastructure management, significantly lowering operational costs and allowing Wirex to focus on innovation, regulatory compliance, and enhancing user experiences. For Wirex, which serves over 6 million users and handles billions in transactions annually, this infrastructure is not merely technical; it is a vital strategic asset. Tanssi’s consistent 12-second transaction finality, transparent on-chain governance, and compliance-ready framework provide Wirex the confidence and capabilities to scale its crypto payment solutions to meet global demand.
The Future of Cryptocurrency Transactions, Realized
By launching its dedicated decentralized appchain with Tanssi, Wirex secures direct control over its infrastructure, enabling rapid scalability, guaranteed transaction finality, and integrated compliance features that surpass traditional methods. This development promises faster innovations, reduced costs, and a more seamless experience for Wirex’s 6 million users when converting crypto to fiat. The Wirex appchain is currently operational on the Tanssi Testnet, with mainnet deployment expected later this year. Developers are also encouraged to start deploying their own appchains on the Tanssi Testnet now.
About Wirex
Wirex is a prominent digital payments platform based in the UK, boasting over 6 million customers across 130 countries. It provides secure accounts that enable users to effortlessly store, purchase, and exchange various currencies. As a key player in both Visa and Mastercard, Wirex transcends conventional services, adapting to the evolving landscape of Web3 to offer mainstream access to digital finance and wealth management solutions. Having processed transactions totaling $20 billion, Wirex is committed to fostering a cashless society by enabling easy transactions across various currencies globally. Wirex is dedicated to making digital payments more accessible and convenient for users around the world.
