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Wirex Pay: Redefining Composable Web3 Payments


In today's rapidly evolving financial landscape, more transactions and users are shifting towards on-chain and self-custody solutions. This trend is driven by enhanced blockchain infrastructure that offers a Web2 user experience on-chain, combined with growing mistrust of centralized platforms. Wirex Pay is at the forefront of this shift, providing a unique bridge between traditional payment systems and the emerging Web3 ecosystem.

Market trend

The market is witnessing two distinctive movements: centralized and custodial platforms are moving on-chain due to increased regulatory pressure, while users are moving on-chain due to a lack of trust in centralized platforms.

This dual shift is accelerated by advancements in blockchain technology, making it possible to build a Web2 user experience with on-chain and self-custody features.

The Need for Web3 Native Payments

Despite the growing on-chain activity, there is a notable absence of a web3 native composable payment infrastructure. Current on-ramps and off-ramps are plagued by inefficiencies, high costs, and delays due to multiple intermediaries and regulatory hurdles. Wirex Pay aims to address these issues by providing a streamlined, decentralized payment solution.

Bridging Traditional Payments and Web3

Wirex Pay offers a unique integration of blockchain technology with traditional payment systems like SEPA, Visa, and Mastercard. This allows users to benefit from the advantages of both worlds through a single platform without losing custody of their funds.

The platform's innovative architecture supports seamless payments directly from self-custody wallets, ensuring security and efficiency.

How Wirex Pay Enables Self-Custody Payments

Wirex Pay provides a step-by-step process to facilitate purchases directly from self-custody wallets:

  1. Order Wirex Pay Card: Users can order virtual or physical cards via the Wirex Pay dApp SDK or smart contracts.

  2. KYC Process: A simple, efficient KYC process that takes about 2 minutes.

  3. Account Abstraction (AA): An AA is created on the Wirex Pay chain, controlled solely by the user through their private key.

  4. Card and IBAN Issuance: Users receive individual or corporate cards and IBANs linked to their AA.

  5. Card Delivery: Various delivery options, including standard and next-day.

  6. Funding the Account: Users can send stablecoins or crypto to their Spending Account.

  7. KYT Compliance: Transactions are screened for compliance using Chainalysis.

  8. Using the Card: Wirex Pay cards can be used at over 80 million merchants in 200+ countries.

  9. Settlement with Visa/Mastercard: Crypto funds are converted to USDC and settled on-chain with card schemes.

  10. Transaction Management: Users manage cards and transactions through any non-custodial wallet.

Seamless On-Chain Payments with any non-custodial Wallet

Wirex Pay supports effortless payments directly from users' favorite self-custodial wallets, ensuring a seamless and secure payment experience. This capability significantly expands the potential and addressable market, enabling millions of non-custodial wallet users to make payments globally, thereby democratizing access to decentralized finance.


Wirex Pay's unique architecture allows users to enjoy the best of both worlds from a single platform, without us ever holding your funds or taking away custody.

The network is powered by the ZK rollup Polygon CDK stack, adhering to traditional financial payment authorization standards (ISO 8583). This innovative design handles the complex task of integrating on-chain transaction processing with traditional systems like SEPA, Visa, Mastercard, PIX, Apple Pay, Google Pay, and Alipay.

Our infrastructure ensures users experience seamless, efficient transactions while enjoying the benefits of both traditional and blockchain-based payment systems.


Wirex Pay is poised to revolutionize the payment landscape by providing a composable, decentralized payment infrastructure. Its unique blend of traditional financial systems and cutting-edge blockchain technology ensures secure, efficient, and user-friendly payment solutions. With the upcoming mainnet launch, Wirex Pay is set to lead the way in the future of global payments.

For more information, visit Wirex Pay.

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1 Comment

C.C. Atman
C.C. Atman
Jun 12

Could you provide more information on this stage of the process? 7. KYT Compliance: Transactions are screened for compliance using Chainalysis. What exactly will this involve?


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