Wirex adds 15 new cryptos to its platform as growth beckons

Karthik Subramanian

Wirex, the digital payments platform that has listed several cryptos and has been at the forefront of the move to use cryptos for digital payments, has announced that it has added 15 new coins to its platform.

wirex

The company was started in 2014 and since then, it has been looking to take blockchain technology and the cryptos to each of its users and encourage them to embrace this new technology. As part of that effort, it has been keeping itself abreast of the changes and has now added the new coins in line with the growth and expansion of the DeFi space in recent times.

The new coins include UMA, OMG, BAT, SUSHI, BAT, COMP, 1INCH, and others as well. These are the coins that have been dominating the DeFi space over the last year or so and the company feels that this is the appropriate time to be adding these new coins to the platform and give its users the chance to use them for payments.

Pavel Matveev, CEO, and Co-Founder of Wirex said that: “Democratising access to crypto, and now DeFi, has always been at the heart of Wirex, and no better has this been demonstrated by the huge excitement of our customers over the last few months. The rollout of tokens from leading DeFi projects, as well as the incredible popularity of X-Accounts has cemented our position as a market leader, and we hope to continue to innovate to ensure our commitment to the digital economy.”

The company has also said that its newly introduced feature of X-accounts has been getting a lot of attention and traction as well, over the last few months. This is an interest-earning account where a user can deposit cryptos, like in a savings bank account, and can earn an interest of up to 16% per annum on the cryptos that have been stored and secured. The company has said that more than $10 million worth of cryptos has been secured in such accounts, which number about 12000 for now, and this number has been growing strongly showing the increasing trust and interest in this product.

The company plans to add more cryptos in the coming months as the interest in this space continues to grow and this is likely to be welcomed by traders and investors who wish to have a standard and regular income and are looking for alternatives to savings banks accounts.

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