DENVER, Feb. 27, 2025 /PRNewswire/ — Wirex, a prominent player in the Web3 financial space, has unveiled its plan to expand the availability of its advanced stablecoin payment service, Wirex Pay, in the United States. This development represents a significant advancement in the effort to enhance the accessibility of stablecoin transactions, providing American users with a streamlined, secure, and self-custodial method for making payments using stablecoins.
Wirex Expands Stablecoin Payment Platform in Collaboration with Bridge.xyz
The expansion initiative is bolstered by a strategic alliance with Bridge, a leading platform specializing in stablecoin orchestration. This partnership enables Wirex Pay to facilitate direct payments from non-custodial wallets, allowing users to transact via card and bank transfers while maintaining complete control over their assets. Thanks to Bridge’s stablecoin orchestration and immediate conversion solutions, users in the U.S. can now perform real-time, automatic exchanges between fiat currency and stablecoins. This innovation enhances the efficiency, transparency, and adaptability of transactions, effectively connecting the realms of digital and conventional finance.
Implications of Wirex Pay’s Expansion for U.S. Stablecoin Users
Pay with Stablecoins Anywhere Visa is Accepted: Users can utilize any stablecoin for everyday purchases at over 80 million merchants across more than 200 countries.
Innovative Stablecoin Payment Infrastructure: The Wirex Pay expansion introduces a user-friendly stablecoin payment method, allowing transactions to occur without the need for intermediaries.
Self-Custody & Security: Users have full control over their stablecoin holdings, removing the dependence on third-party custodians.
Seamless Integration: Residents in the U.S. can connect any non-custodial wallet to facilitate stablecoin payments via card and bank transactions.
Stablecoin On/Off Ramp: With Bridge’s support, users can easily access stablecoins and U.S. Dollar bank accounts, enabling smooth exchanges between digital and fiat currencies.
Real-Time On-Chain Swaps: The capability for automatic, real-time swaps between fiat and stablecoins opens new avenues for payments, benefiting both consumers and businesses alike.
“Wirex Pay is establishing new standards for non-custodial stablecoin transactions, and we are witnessing significant interest from AI agents that wish to engage in autonomous transactions using stablecoins,” stated Pavel Matveev, Co-founder of Wirex. “By providing a decentralized payment solution that operates wherever Visa is accepted, we are unlocking new financial opportunities for both individuals and AI-driven markets.”
Dmitry Lazarichev, another Co-founder of Wirex, remarked, “Stablecoins hold the potential to transform the landscape of global payments by providing a dependable, cost-effective alternative to traditional banking methods. With this launch, Wirex Pay is making stablecoin transactions more accessible than ever for users in the U.S.”
Zach Abrams, Co-Founder and CEO of Bridge, expressed enthusiasm about the partnership, stating, “We are thrilled to collaborate with Wirex to advance the stablecoin ecosystem. By integrating our technology with the Wirex Pay platform, we are offering users a seamless, flexible, and secure way to engage with stablecoins. We are excited to broaden access to superior financial options.”
Through this expansion, Wirex continues to innovate within the financial sector, enhancing the practicality and availability of stablecoin transactions for users globally.
About Wirex
Wirex is a leading digital payment platform based in the UK, serving over 6 million customers across 130 countries. It provides secure accounts that enable users to store, buy, and exchange multiple currencies effortlessly. As a principal member of both Visa and Mastercard, Wirex transcends traditional financial services, adapting to the evolving landscape of Web3 to offer mainstream access to digital finance and wealth management. Having processed transactions totaling $20 billion, Wirex is committed to promoting a cashless society by facilitating easy transactions in various currencies worldwide.
About Wirex Pay
Wirex Pay is a groundbreaking stablecoin payment platform developed by Wirex, designed to merge blockchain innovation with real-world usability. Utilizing Zero Knowledge (ZK) technology, Wirex Pay provides unmatched levels of privacy, scalability, and efficiency, redefining the application of stablecoins in global payments. One of its standout features is the issuance of non-custodial Visa cards, enabling users to spend their stablecoins effortlessly at over 80 million merchants in more than 200 countries wherever Visa is accepted. By combining the reliability of Visa’s extensive payment network with blockchain technology, Wirex Pay guarantees users a confident and convenient transaction experience.
About Bridge.xyz
Bridge is an API platform dedicated to stablecoin issuance and orchestration as a service. Currently, Bridge manages an impressive annual transaction volume exceeding $10 billion, serving clients that include AirTM, Coinbase, Shift4, and even the U.S. Government. In 2024, Bridge was acquired by Stripe for $1.1 billion.
