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Wirex Plans Wirex One For Stablecoin Infrastructure
Wirex announces the latest product launch adopting global stablecoin technology, building on top of Circle and Privy.
Wirex expands its stablecoin infrastructure and products (Christian Boragine / Unsplash)
Wirex announces Wirex One for growing stablecoin adoption.
The company has recently updated its roadmap for the next few years. Wirex is planning on modernizing their daily consumer and business products to accommodate for the new age of finance and AI.
As part of this, plans for Wirex One have been announced, which will focus on providing an updated stablecoin neobank-like service.
Interestingly, Wirex has chosen to build this on top of leading stablecoin solutions from Privy and Arc network (powered by Circle). Last summer, Wirex stablecoin acceptance welcomed Circle's EURC stablecoin.
In parallel, there will be other product solutions catering to slightly different consumer and business use-cases, including stablecoin cards, accounts, payments and yield. Benefits such as spendable cashback on Wirex cards, 4-6% APY and better FX fees are expected.
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