Wirex fintech startup was created in 2014 in London by entrepreneurs and banking expatriates. They have developed a solution that can be used to pay with both fiat currencies (US dollar, euro, etc.) and cryptocurrencies. The application allows you to transfer money to different countries in a matter of minutes without fuss with documents, sky-high commissions and losses on the difference in exchange rates.
WXT is an internal Wirex token, created on the basis of Stellar blockchain technology, which makes it possible to use it outside the platform. The company's internal token gives customers the opportunity to receive various bonuses when working with a product, having access to fast and efficient payments.
The main goal of WXT is to help the growing communities of b2c and b2b users save on fees. Each WXT user can get up to 50% discount on exchange fees, monthly account management fees, bank transfers, ATM fees, token hosting fees and blockchain transfers. Also, customers have access to the accumulation of bonuses that can be used as cashback in certain store chains. The entire volume of tokens is clearly distributed taking into account risks. This provides protection against any unforeseen interference.
WXT tokens which are pegged to traditional currencies are used to tokenize all currencies on the platform.