Wirex entered into cooperation with Stellar (XLM). He plans to release 26 stablecoins

Wirex entered into cooperation with Stellar (XLM). He plans to release 26 stablecoins

By xlubecx | free life | 28 Apr 2019


The Wirex payment processor (credit card and cryptocurrency wallet) announced in a press release published on April 24, a collaboration with Stellar Lumens (XLM).

The British company Wirex allows cryptocurrency users to use cryptocurrency payments via a special VISA card, which has so far supported 8 different digital tokens and 10 fiat currencies.

At the same time, Wirex announced that it plans to launch 26 stablecoins on its platform, based on fiat currencies, including the US dollar, the euro, the British pound, the Hong Kong dollar, and the Singapore dollar. The great diversity of stablecoins by Wirex will help to send money quickly across countries, without the need for local liquidity providers.

Stellar plays a role for Wirex because these stablecoins will work on its blockchaine. In particular, Stellar was selected for scalability and real-time capability. At the same time, Wirex adds the XLM Stellar token as a supported cryptocurrency .

 

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