Wirex is set up to launch a dedicated Appchain in collaboration with Tanssi, which aims to revolutionize crypto payments and achieve greater compliance and scalability.
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Serving 6 million users in 130 countries, Wirex is a key player in the payments field and a key member of Visa and MasterCard. The new Appchain, now a testnet for Tanssi and scheduled for MainNet to be launched later this year, will effectively manage Wirex’s annual transaction volume to more than $2 billion, minimizing reliance on third-party infrastructure.
This strategic development simplifies operations, increases compliance, increases Wirex’s independence, and provides ethical grade security and interoperability with Defi, Stablecoins and tokenized assets.
“We’re looking forward to seeing you in the world,” said Dmitry Lazarichev, co-founder of Wirex.
“Tanssi allows for a significant distribution of Wirex ecosystems. The infrastructure-first approach reduces technical hurdles and increases autonomy and scalability. This partnership is essential to making crypto-based payments mainstream.”
Dmitry Lazarichev, co-founder of Wirex
The need for a decentralized payment infrastructure
As Wirex expands its global footprint, managing millions of crypto transactions requires greater reliability, speed and regulatory oversight. Historically, reliance on external infrastructure has slowed down compliance updates and increased transaction costs, preventing innovation.
With forecast global payment revenues of over $3 trillion by 2028 and real-world asset tokenization, close to $17 billion this year, the need for a predictable and compliant infrastructure is critical. With Wirex, it is essential to overcome these limitations. Dedicated app chiins give them control, reduce latency, and embed compliance in blockchain logic.
Wirex aims to integrate Web3 innovation into the financial system to enable practical digital assets for everyday use. This independence of the infrastructure ensures a smoother, faster and safer payment experience for users.
Why do you dance?
Wirex has chosen Tanssi for its distributed infrastructure platform designed to launch compliance apps quickly. This partnership offers immediate infrastructure ownership, regulatory customization, and faster innovation.
The key benefits are:
Instant App Chine Deployment: Tanssi’s pre-built templates allow for quick setup, accelerate Wirex’s market strategy, and reduce deployment time and costs.
Facility-grade security: The Tanshi framework, backed by Ethereum, shares robust, distributed verification and economic security, ensuring compliance and driving innovation.
Built-in compliance: Tanssi allows Wirex to integrate critical compliance features into your app chine, simplifying regulatory alignment and ensuring transparent governance.
Cost-Reduced: Infrastructure as a Service model streamlines management, reduces operational costs, and allows Wirex to focus on innovation and user experience.
Unlock future crypto payments
With a dedicated app chick, Wirex directly controls the infrastructure, allowing rapid scalability and built-in compliance capabilities that traditional methods cannot provide. For 6 million users, this means speeding up innovation, lower costs and improving the crypto-to-crypto payment experience.
Wirex Appchain will be live on Tanssi Testnet and will be rolled out to the mainnet later this year. Developers can start deploying their own Appchains now at apps.tanssi.network.
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About Wirex
Wirex is a UK-based digital payments platform with over 6 million customers in 130 countries. Provides seamless currency storage, secure accounts for purchases and exchanges. As a key member of Visa and MasterCard, Wirex is committed to promoting digital finance and wealth management recruitment.
About dance
Tanssi offers a distributed infrastructure as a service, making it easy for a variety of use cases to launch sovereign apps. Built for decentralization and compliance, Tanssi automates critical processes while providing teams with customizable options.