London, July 5, 2022 / PRNewswire /-Wirex, the leading payment platform, has launched Wirex Credit, which offers highly competitive interest rates and does not offer cryptocurrency-backed loan origination fees.Users can easily rent $ 100,000 With Stablecoin, you have up to 80% Loan-to-Value (LTV) within your Wirex app.
Cryptographic loans are very popular in recent months as they are superior to traditional loans. Wirex’s primary purpose is to bring the benefits of DeFi to the mass market, and Wirex Credit will add new cryptocurrency use cases to 5 million customers.
This product gives users access to credit regardless of market conditions, whether they are raising money from an investment in the DeFi protocol or purchasing vacations using a Wirex card. Linked to the award-winning Wirex app as the world’s first company to develop crypto-enabled cards. This means you can use your credits in-store or online at over 80 million locations around the world wherever Visa or Mastercard is accepted. ..
Wirex Credit is set to shake the competitive environment and offer up to near-immediate loans. $ 100,000 Issued in USDC, USDT, NXUSD and has up to 80% LTV within the Wirex app. There are no requirements for origination fees, setup fees, or credit and affordable checks, and users can borrow up to 5 lines of credit at a time. Wirex offers complete flexibility. Customers can repay at any time and only have to pay interest on the days when the credit line is up and running. In this case, you can easily check the credit status within the app.
Wirex credits LondonA weapon from DeFi to CeFi products in the base corporate ecosystem. At the end of 2021, they released the world’s first mass market non-storage wallet. Its unique biometric access system, next-generation user experience, and cross-chain compatibility at zero exchange rates are very popular with fintech fans and core crypto users. Users can easily transfer loans from the Wirex app to Wirex Wallet, so they can earn cryptocurrencies from staking and locking after connecting to a DeFi protocol such as Nereus Finance. Wirex recently invested 5 billion native tokens, WXT, in Nereus to realize its rewarding mechanism. Nereus has become one of the fastest growing DeFi platforms to date.
Pavel Matveev, Wirex CEO and co-founder commented: “This is Wirex’s breakthrough point and provides more ways for everyday users to use cryptography. Wirex’s vast ecosystem of products, from HOD Ling to the purchase of debit cards, Wirex It means there is a great opportunity to use Credit or make money with the DeFi protocol using Wirex Wallet. “
In the coming months, the company plans to expand its credit-provided tokens and regional availability.
Wirex Credits are subject to our Terms of Service and may have different privacy policies and regional availability. All credit lines are offered in Stablecoin.Cryptocurrencies are volatile and all lending is at the user’s risk
About Wirex
Wirex is a global digital payment platform and regulator that has set new rules in the field of digital payments. In 2015, the company developed the world’s first crypto-enabled payment card that allows users to seamlessly use crypto and traditional currencies in real life.
Wirex was created in 2014 by the CEO and co-founders Pavel Matveev And Dmitry Lazarichev identified the need to open up the esoteric world of cryptocurrencies and make digital money accessible to everyone. Wirex aims to make digital assets as easy to use as possible in everyday life by incorporating cryptocurrencies and traditional payment infrastructure integrated with cryptocurrency blockchains. Providing reliable and cost-effective services for currency transactions
With over 5 million customers in 130 countries, the company offers secure accounts that allow customers to instantly and easily store, buy and exchange multiple currencies at the highest live rates in one centralized mobile app. increase. With fast and simple cryptocurrency options available, you are free to use over 150 traditional cryptocurrencies in over 80 million locations around the world using Wirex cards.
Wirex continues to develop its products as the market evolves, complying with local regulations and ensuring appropriate licenses, if any. Wirex, a proven industry pioneer, launched its own native utility token, WXT, and introduced Cryptoback ™, the world’s first cryptocurrency rewards program.
Throughout 2021, the company expanded its products to provide mainstream access to DeFi to reflect the growth of the Metaverse. Starting with the launch of the popular X-Accounts feature, which offers an unprecedented level of interest, Wirex is a DeFi weapon with the release of the unmanaged Wirex Wallet and a partnership with the decentralized liquidity market Nereus. Continues to add.
Wirex is based on LondonHas an office Singapore, Kyiv, Dallas, Dublin When Atlanta..Above $ 5 billion With valuable transactions already processed and rapid expansion into new territories, including the United States, Wirex is in a unique position to support and facilitate mass adoption of cashless societies through creative solutions.
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