Wirex introduction
WireX, formerly known as E-Coin, is the world's first hybrid personal banking solution that combines daily finances with blockchain technology. Two-factor authentication and multi-signature protected bitcoin wallet, available online from desktop or mobile devices. WireX offers three main services: convenient mobile banking through the WireX app, instant money transfer services, and an upgraded two-way debit card that allows on-demand conversion between Bitcoin and traditional currencies. Wirex is much more than a Bitcoin card, and the name reflects the meaning ascribed to it. The Wirex payment platform, which holds a business license authorized by the FCA of the UK Financial Conduct Authority, issues 26 fiat-based stablecoins based on the blockchain payment project Stellar, including US dollars, Euros, British pounds, Hong Kong dollars, and Singapore dollars. Users can instantly convert stablecoins off-site, and may expand to scenarios such as remittance, token issuance and redemption, and merchant settlement. Wirex said that it chose Stellar because it has better security and scalability, as well as lower real-time transaction costs, and plans to add Stellar's native token XLM to its platform.