BankingBusiness

Wirex: Announced the migration of a fifth of their popular native token WXT

  • Wirex a hybrid personal banking solution that integrates the benefits of blockchain technology into everyday finances
  • Announced the migration of a fifth of their popular native token, the Wirex Token (WXT), from the Stellar Network to the Ethereum blockchain
  • Following the successful launch of WXT two years ago, Wirex move 20 percent of the total supply to allow greater access
  • The London-based company on a mission to bring decentralised digital currency to the masses since its launch in 2014
  • Innovation at the core of their growth, developing an industry-leading platform that empowers their 3.5 million customers
  • WXT become a unique multi-blockchain cryptocurrency, as the company migrates 20 percent of its total supply (2 billion WXT)
Previous article
Canadian Credit Unions: Select Fiserv to Meet Rapidly Changing Member Needs
Next article
Bill.com: Acquires expense management software provider Divvy
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Coinbase Receives Conditional Approval for National Trust Bank Charter

The approval marks a significant step for Coinbase in the financial sector.Highlights: Coinbase secures conditional approval for a...
FinTech

Visa Survey Reveals Businesses Ready to Embrace AI in Commerce

Consumer hesitation contrasts with business enthusiasm for AI adoption.Highlights: Visa survey finds 76% of businesses ready to adopt...
FinTech

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...
FinTech

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...