Digital payment service provider Wirex has introduced a revolutionary noncustodial crypto debit card service called W-Pay, leveraging zero-knowledge proof (ZK-proof) technology.
In recent years, Wirex has been notable for being the first payments tech firm to launch a crypto enabled card, which it launched sometime in 2015. The firm has since introduced its native utility token, WXT, along with the world’s first crypto reward program, Cryptoback™, offering cardholders up to 8% back in WXT for every transaction. Wirex is a core contributor in the Visa and Mastercard payment networks, serving over six million users across 130 countries.
According to a press release by Wirex, W-Pay represents a decentralized solution underpinned by zero-knowledge technology, built using Polygon’s Chain Development Kit (CDK). This integration promises to enhance scalability and security. Polygon’s CDK has a strong focus on ZK-proofs, enabling users and companies to develop their own ZK-powered layer-2 n
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