Wirex Unveils W-Pay: The Revolutionary ZK-powered App Chain for Seamless Issuance of Non-Custodial Crypto Debit Cards
Wirex, the cryptocurrency payment services provider, has revealed its new crypto debit card service based on zero-knowledge proof (ZK-proof) technology, called W-Pay.
W-Pay embodies innovation, facilitating the seamless integration of decentralized applications into established banking and payment infrastructures. Our commitment is to provide a reliable user experience characterized by enhanced security, where users always retain absolute control of their assets.
Pavel Matveev, CEO and Co-founder of Wirex
Zero-Knowledge Proofs: A Testament of Trust
It’s no secret that ZK-proofs are gaining ground. This technology, which allows for proving a statement without revealing any other information, is hailed for its disruptive potential, with platforms like Ethereum and Polygon serving as living proof.
W-Pay at the Heart of Innovation
With W-Pay, Wirex aims to redefine our perception of debit cards. By merging cutting-edge technologies such as Ethereum Virtual Machine (EVM) compatibility and Account Abstraction, Wirex aspires to make transactions more intuitive and transparent.
Wirex, always at the forefront of innovation, faces external challenges, notably with its partner UAB PayrNet. However, with a customer base of over six million people and recognition from industry giants like Visa and Mastercard, the company appears well-equipped to navigate the tumultuous waters of the market.
