WSPN partners with Fireblocks to advance digital payments ecosystem
By Gloria Mathias
WSPN, a global digital payments company, has announced a strategic collaboration with Fireblocks, an enterprise platform to manage digital asset operations and build businesses on the blockchain, to expand global digital payment adoption and propel financial inclusion.
This collaboration marks a significant step forward for WSPN in its commitment to reshape the future of digital payments worldwide. The strategic alliance between WSPN and Fireblocks signifies a convergence of expertise, combining WSPN’s extensive footprint in digital payments with Fireblocks’ enterprise-grade digital asset infrastructure.
The integration will see WSPN issuing a USD-backed stablecoin, WUSD (“Worldwide USD”), via Fireblocks’ Tokenisation Studio, as well as leveraging Fireblocks’ Wallets-as-a-Service to ensure the secure custody of WUSD and to facilitate asset transfers. By integrating Fireblocks’ technology, WSPN aims to elevate its payments ecosystem, providing customers with an unparalleled level of security and efficiency in managing digital assets.
“We believe that digital payments enable financial inclusion,” said Raymond Yuan, Founder and CEO of WSPN, “We are thrilled to embark on this journey with Fireblocks providing its battle-tested digital asset custody technology for our digital payment products, such as our innovative 1:1 USD-pegged stablecoin, WUSD. This collaboration perfectly aligns with our vision of establishing a robust, resilient, and efficient payment infrastructure, ensuring transparency and the highest levels of compliance.
Stephen Richardson, Head of APAC and Managing Director, Financial Markets at Fireblocks, said, “We are delighted to be working with WSPN to provide a seamless digital payment solution via their stablecoin product, WUSD. With stablecoins offering greater transparency and speed via reduced intermediation and 24/7 availability of the blockchain, this will inevitably lead to a more accessible and efficient global financial system, and we look forward to supporting WSPN in enabling the future of finance.”
The WSPN and Fireblocks collaboration aims to redefine industry standards, empowering businesses and individuals with enhanced capabilities and unparalleled security in handling digital assets.
IBSi Daily News Analysis
February 28, 2024
FinTech penetration in Southeast Asia will double by 2027, research revealsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage