A Decade of Innovation in How the World Pays
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It all started in 2014, in one of London’s thousands of cafes. Pavel Matveev and Dmitry Lazarichev are fintech visionaries who share the dream of imagining a cryptocurrency that is as easy to use and use as traditional money. The world that makes a difference.
At the time, cryptocurrencies were still niche, trapped in the realm of tech enthusiasts and speculators. But Pavel and Dmitry envisioned something groundbreaking: allowing people to manage and spend cryptocurrencies as easily as cash.
Fast forward to today, and Wirex is a global giant in digital payments, serving more than 6 million customers in 130 countries. From the beginning, it has redefined the intersection of traditional and digital finance, making cryptocurrencies practical in everyday life.
2015: Game-changing
The journey begins with a bold statement. In 2015, Wirex launched the world’s first crypto-enabled debit card, allowing users to spend Bitcoin (and later other cryptocurrencies) anywhere Visa or Mastercard is accepted. This isn’t just a technological feat, it’s a cultural shift.
“At that time, cryptocurrencies were still viewed as speculative,” recalls Wirex co-founder Pavel Matveev. “We wanted to make it tangible — something people can actually use every day.”
As a principal member of Visa and Mastercard, Wirex is able to provide secure, seamless payments globally, bridging the gap between traditional finance and cryptocurrency.
Debit cards blur the lines between fiat and digital currencies, bringing cryptocurrencies out of the shadows and into coffee shops, grocery stores and travel agencies around the world.
Revolutionary Features: Cryptoback™ and Wirex Pay
Wirex continues to introduce groundbreaking features like Cryptoback™ Rewards, which provide up to 8% crypto cash back on purchases. X-Accounts product brings decentralized finance (Decentralized Finance) provides services to the masses by enabling high interest rates on savings without the complexity typically associated with DeFi platforms.
The latest innovation, Wirex Pay, builds on this tradition, simplifying crypto payments for merchants and users and giving end users full control of their assets with the first non-custodial card. Powered by advanced blockchain technology such as Polygon’s CDK, Wirex Pay ensures fast and secure transactions while instantly converting cryptocurrencies into local fiat currencies for merchants. This seamless integration removes barriers to cryptocurrency adoption for businesses and consumers
What’s next?
As Wirex celebrates its 10th anniversary, it’s already looking to the future. The company plans to expand its product offerings, continue to refine the user experience, and find new ways to break down the barriers between traditional and digital finance.
“The past decade has been about building bridges between the two financial worlds,” Pavel said. “The next decade will make these bridges invisible — so seamless that people won’t even notice the transformation.”
Dmitry added: “Our work is not done yet. There are still financial systems that are too complex, too expensive or too inaccessible. Wirex aims to change that – one innovation at a time.”
From launching a crypto debit card to creating an ecosystem that simplifies financial management, Wirex has been at the forefront of innovation over the past decade. As it heads into the future, one thing is certain: the best is yet to come.
Tribute to Wirex – ten years in the making financial freedom reality and future promises.
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