- Wirex to launch 26 new stablecoins on the Stellar blockchain
- The stablecoins will be used seamlessly for daily usage
- The tokens can be used online, at ATMs, shops, restaurants, and supermarkets
Stellar Lumens News Today – it is no secret that Stellar has been focused on the Wirex and Mastercard collaboration. Wirex will reportedly launch 26 new stablecoins on Stellar’s Blockchain network. The stablecoins will be used seamlessly day-to-day. They can be used online, at ATMs, shops, restaurants, and supermarkets.
Wirex’s idea of launching 26 stablecoins is remarkable because the firm already has access to the APAC market via its WXT solution. WXT is Wirex’s native token. The firm also has offices in Japan, Dallas, Singapore, Atlanta, Toronto, and Dublin. It will be easy for Wirex to sell its new offering to its already established market. The move is expected to revolutionize the crypto space and fintech sector.
Plans for Wirex Cards for the EEA Region
Soon Wirex will also come up with Wirex cards. These cards will be strictly for the EEA region. Per the report, the features will be game-changing for the digital asset space. There will be additional currencies too and international ATM withdrawals for free. The limits are predicted to be sky high and will offer the entity a significant advantage over its competitors. Wirex Business costumers will be given corporate cards. The innovation will continue making crypto accessible for day-to-day usage. Edoardo Volta, the Head of Mastercard UK and Ireland, said:
“We are happy to be starting a new relationship with Wirex and offer consumers more options and flexibility in how they make payments. We look forward to helping Wirex deliver their promise and the growth of their payment models.”
Regarding this, Sydney Ifergan, a renowned crypto expert on Twitter tweeted:
“More than 26 more stablecoins will be launched on the Stellar Network. This will create better access for Stellar to the Asia Pacific market. It is a good move by Wirex and Mastercard.”
Stellar and Wirex want to Make Money Fluid
Recall that in the past year, the initial stage of the collaboration between Wirex and Stellar saw the Stellar launch in the Wirex platform. Stellar and Wirex are entities that have greater goals. Their decision to work together to offer mass adoption of digital assets is encouraging.
The move will transform the way people make payments. It is just at the start of the relationship with Wirex last year that Jed McCaleb stressed that the move is designed to improve financial openness. Even though we know that stablecoins can transform the payments space, funds will become more fluid. This is true particularly after the launch of the 26 stablecoins on Stellar.