Fintech
Wirex Launches world’s first ‘Mass-Market’ Non-Custodial DeFi Wallet
Wirex, a crypto-friendly digital payments company, today unveiled its mass-market non-custodial Wirex Wallet, solidifying the company’s leading position in the crypto and DeFi spheres. With the mass adoption of DeFi on the horizon, Wirex believes their cross-chain, keyless, highly secure Wallet will finally break down the barriers to mainstream adoption.
The Wirex Wallet, available to download from app stores, allows users to manage more than 100 different cryptocurrencies from their mobile device securely and efficiently. Co-Founder and CEO, Pavel Matveev, believes the Wirex Wallet will give a new generation of users access to DeFi by including unique features that make it easier and more secure than ever to use.
Uniquely, the app will not require a private key, and instead will rely on biometrics for access. Combining an exceptional user experience with multi-party computation technology ensures resilient security and compliance, rendering complex seed phrases and private keys unnecessary.
Matveev believes the Wirex Wallet will give a new generation of users’ access to DeFi, “Wirex is always looking for ways to make digital currencies more accessible and we believe this Wallet is a world-first in making that a mainstream reality. We want to give crypto users access, flexibility and control over their holdings without worrying if their funds are safe, losing their private key, high gas fees or the need to spread their tokens across different apps and platforms.”
He suggests that high fees on the Ethereum blockchain and fragmented liquidity across different blockchains is a turnoff to potential DeFi users, where the very people that could gain most from DeFi are simply priced out of the opportunity. Taking the best of Wirex’s existing infrastructure, the Wallet offers cross-chain compatibility across the Bitcoin and Ethereum blockchains, with expansion to faster, cheaper Layer 2 networks in the pipeline. This interoperability allows users to swap DeFi tokens across blockchains with unparalleled ease, offering access to a wider pool of tokens, technologies and use cases within a single wallet.
The Wallet cements Wirex’s mission to make the benefits of digital currency and DeFi available to the widest global audience, with Matveev citing it as the ‘next piece of the puzzle’ in offering a full fintech-to-DeFi ecosystem to Wirex users. “We’ve made a series of major announcements in 2021 that creates a full ecosystem for every kind of cryptocurrency user. Our crypto-enabled Wirex app and card is available in three regions across the world, our CeFi offering – X-Accounts – was recently expanded to an additional 81 countries, and the Wirex Wallet will be available globally, putting a Wirex product in reach of everyone on the planet. That level of accessibility is what really excites us about this launch.”
The launch follows a series of DeFi-oriented product announcements from Wirex that are thought will position the company for exponential growth. In December 2021, the company announced a new whitepaper, widening the use cases of Wirex’s WXT, as well as announcing a 5 billion WXT investment in new DeFi protocol, Nereus. Earlier this year, the company launched a hugely popular DeFi savings product, X-Accounts, which enables users to earn up to 16% APR interest on both fiat and crypto funds, without the associated complexity and cost. Thanks to a direct connection with AAVE and Compound, the Wirex Wallet will empower users to access even higher rates of APR interest – up to 25%.
For the Wallet, Wirex has an ambitious roadmap to develop its functionality, enabling the ability to send and receive NFTs, as well as expanding compatibility with the Solana blockchain. By expanding the product, they aim to give more choice, lower fees and greater simplicity for people globally.
Wirex Wallet Features
- Ability to manage over 100 cryptocurrencies
- Easy access to DeFi and NFTs
- No need for a private key, seed phrases or prior Wirex membership
- Simple purchases of WXT and other crypto using debit and credit card
- Cross-chain swaps across Bitcoin and Ethereum blockchains, with expansion to Solana and other blockchains on the roadmap
- Resilient security measures including sophisticated SMPC encryption and privacy-first anonymous biometric backups
- Low blockchain fees
- Available to download from the Google Play and App Store
Fintech
Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Fintech
SPAYZ.io prepares for iFX EXPO Dubai 2025
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Fintech
Airtm Enhances Its Board of Directors with Two Strategic Appointments
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
-
Fintech6 days ago
Fintech Pulse: Your Daily Industry Brief (Synapse, Shenzhen Institute, Visa, AutomatIQ, MeridianLink)
-
Fintech5 days ago
Fintech Pulse: Your Daily Industry Brief (Revolut, Bestow, Advyzon, Tyme Group, Nubank)
-
Fintech3 days ago
Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)
-
Fintech6 days ago
Asian Financial Forum returns as region’s first major international financial assembly in 2025
-
Fintech7 days ago
NASDAQ-Listed LYTUS Appoints Visionary Leader Sai Guna Ranjan Puranam as COO (Lytus Healthcare) and Group CTO (Lytus Technologies) to Revolutionize Healthcare and Technology
-
Fintech PR3 days ago
According to Tickmill survey, 3 in 10 Britons in economic difficulty: Purchasing power down 41% since 2004
-
Fintech4 days ago
Airtm Enhances Its Board of Directors with Two Strategic Appointments
-
Fintech PR2 days ago
President Emmerson Mnangagwa met this week with Zambia’s former Vice President and Special Envoy Enoch Kavindele to discuss SADC’s candidate for the AfDB