Wirex – a digital payment platform that supports the spending of 62 fiat and crypto coins at over  61 million locations globally via the Wirex platform, reportedly disclosed details of integrating Avalanche into its ecosystem.

Specifically, following the development, users will reportedly now have the freedom to receive, send, store and exchange AVAX tokens, as well as including custom tokens with the assistance of the Avalanche blockchain.

The firm reportedly has further plans down its pipeline to onboard a variety of AVAX based tokens throughout the next months. 

Furthermore, Wirex users will reportedly also have the power to earn 20% in interest on a yearly basis on AVAX, via the company’s decentralized finance savings product, X-Accounts. 

The firm currently caters to more than 4.5 million users across over 120 nations on its app, wallet and payment platforms. 

“Wirex is moving fast to make digital assets and the innovation happening on public blockchains more accessible to the masses.” In terms of the development, John Wu, president of Ava Labs, the creator of the AVAX blockchain, additionally shared his remarks. 

Meanwhile – Pavel Matveev, co-founder and Head of Wirex – also commented that the integration with AVAX will offer support in “developing use cases for the Wirex ecosystem”, particularly related to enhancing blockchain accessibility. 

Wirex reportedly claims to have successfully built the first-of-its-kind globally  crypto-enabled payment card in 2015. In January, the firm widened the scope to America and integrated the Polygon, BNB Beacon Chain and Fantom blockchains at roughly the same period.

Wirex further operates its self-designed utility token, WXT, as well as a crypto reward program that offers a maximum of  2% back in WXT for every transaction cardholders carry out.