International payment and crypto service Wirex has enjoyed a productive year. Over the course of 2019, partnerships have been formed, a native token (WXT) released and the Wirex website and card completely redesigned. With the firm’s reach rapidly growing, CEO and co-founder Pavel Matveev has no plans to rest on his laurels. On the contrary, he’s convinced 2020 will be the company’s best year yet. In an interview with news.Bitcoin.com, the Wirex CEO shed light on user metrics and divulged the company’s expansion plans.
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Simplifying Crypto Transactions
U.K.-based fintech company Wirex, which integrates crypto into a single payment platform, has come a long way since its foundation in 2014. As well as multi-currency accounts and transfer/exchange services accessible via its app, Wirex was the first to launch a contactless Visa debit card, allowing users to convert and spend their crypto wherever Visa is accepted. Just five years since its inception, Wirex boasts over three million customers in 130 countries, and has processed over $2 billion of transactions. At its core, the hybrid fiat and crypto-powered banking alternative seeks to eliminate traditional barriers and drive down currency exchange costs.
“2019 was a monumental year for us,” says Pavel Matveev. “Linking up with Stellar, one of the most innovative blockchain projects in the industry, was something of a game-changer. As well as letting our users access lumens (XLM), we will become the first regulated platform to release 26 fiat-pegged stablecoins on the Stellar blockchain, enabling us to service the unbanked. Previously the number of cryptocurrencies we offered stood at eight.
“These are stablecoins that can be spent using the Wirex card, whether you’re
