Wirex unveils new banking platform tailored for Web3 and crypto businesses

Wirex Business offers features like multi-currency corporate accounts (USD, EUR, GBP, and stablecoins), real-time fiat-to-stablecoin conversions, and the ability to issue both physical and virtual Visa cards for payroll and expenses. The platform also supports real-time payments and settlements, and even includes a built-in yield feature on stablecoin holdings—without hidden fees.

A banking solution built for the digital economy

What sets Wirex Business apart is its self-custodial model, giving companies full control of their funds and removing the counterparty risks often associated with traditional banking. Businesses can also benefit from automated accounting tools and advanced reporting features that help keep finances in sync.

“We are excited to launch Wirex Business, as it opens up new possibilities for companies operating in the Web3 and crypto space,” said Daniel Rowlands, Managing Director of Wirex Pay. “We’re making it easier for them to manage treasury functions, issue cards, and handle expenses just like any traditional company.”

Bridging the gap between traditional finance and Web3

Pavel Matveev, Founder of Wirex, described the launch as a pivotal step in merging traditional finance infrastructure with the needs of a decentralized world. “We understand the unique requirements of Web3 companies and are proud to deliver the tools they need to thrive globally,” he said.