Digital Payments Platform Wirex Reveals WXT, a new Native Cryptocurrency

Pavel Matveev, CEO of Wirex

Wirex, the UK based digital payment platform, has announced the release of the Wirex Token (WXT), their first native cryptocurrency, in an Initial Exchange Offering (IEO) on the cryptocurrency exchange OKEx. The new token is designed to help users access unique rewards, save on fees.

The Wirex Token Initial Exchange Offering (IEO) takes place on the 26th of June 2019 through OKEx’s OK Jumpstart programme. 1% of the total supply of WXT will be available for public purchase on a first-come-first-serve basis at an initial price of $0.01 per token. To ensure that Wirex users don’t miss out on the token due to high demand, an exclusive pre-IEO sale will take place on the Wirex platform for verified users on the 13th of June. Only $2m worth of WXT will be released for the pre-sale at a fixed price, giving users the best possible value.

Wirex is considered to be a pioneer in the crypto market and launched the world’s first Visa card that allows customers to convert and spend their cryptocurrencies wherever Visa is accepted. The company now has over 2 million users in 130 countries and has processed over US$ 2bn of transactions. The company has also launched the first bitcoin reward programme and are the first platform to release 26 fiat-backed stablecoins in partnership with Stellar.

Pavel Matveev, Wirex CEO, explains: “We believe that the nascent token economy will eventually replace conventional fiat currency as the dominant form of payment. The Wirex Token helps us integrate with the payment environment of the future and offer users a convenient, fast and cost-efficient way to move digital money across borders.”

Owning the Wirex Token unlocks a plethora of benefits for Wirex users, based on the number of tokens held. Users can enjoy exclusive discounts (up to 100%) on a range of fees and charges, including exchange fees, bank transfer fees, withdrawal fees, credit/debit card top-ups, monthly management fees, ATM charges and Swift transfer fees.  WXT holders stand to enjoy a range of premium features in late 2019, including the premium Wirex Visa card, bespoke merchant offers, concierge services, airport lounge entry and early access to the latest Wirex innovations.

Funds raised through the IEO will enable Wirex to accelerate its growth whilst bringing the company closer to its ultimate goal to democratize access to fast, low-cost international remittance and empower retail and corporate customers to use their cryptocurrency in day-to-day life.

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