This means that banks, governments, brokerages, etc. What is DeFi?ĭeFi which is a short form of “ Decentralized Finance” emerged from blockchain and today it is a major blockchain-based financial system that does not depend on any centralized market, organizations, or financial institutions. to access financial systems commonly.ĭeFi allows its users to borrow, lend, trade effortlessly without consent from any third-party organization. ©2023 Wirex Digital D.o.o (CRN 78679748084), whose registered office is Slavonska avenija 1C, Zagreb Croatia.This digital means of transacting money has increased the speed of sending and receiving funds, also it reduced the cost of exchanging from one currency to the other, thereby enabling investors, individuals, organizations, companies, etc. UAB Payrnet is authorised by the Bank of Lithuania (Authorisation Code LB001994) as an e-money institution. The Bank of Lithuania Deposit Insurance System does not apply to the cryptoasset activities carried on by UAB Wirex. Cryptoasset services are not provided by UAB Wirex. 13 – 91, Vilnius, Lithuania. UAB Wirex is an authorised distributor of UAB Payrnet (CRN 305264430), whose registered address is Girulių g. ©2023 UAB Wirex (Registration Number: 305118023) whose registered office is Perkūnkiemio g. Wirex Limited is authorised by the Financial Conduct Authority (FRN: 902025) under the Electronic Money Regulations 2017 for the issuing of electronic fiat money and payment instruments. The Financial Ombudsman Service or the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by Wirex Limited. ©2023 Wirex Limited (CRN 09334596), whose registered office is 9th Floor, 107 Cheapside, London, EC2V 6DN, United Kingdom. ** Earnings apply to fiat converted to stablecoins. * Not available for purchase for Wirex customers based in UK and Singapore. Over the coming months, Wirex will continue to develop the list of tokens on offer and release new features for X-Accounts. The rollout of tokens from leading DeFi projects, as well as the incredible popularity of X-Accounts has cemented our position as a market-leader, and we hope to continue to innovate to ensure our commitment to the digital economy.” “Democratising access to crypto, and now DeFi, has always been at the heart of Wirex, and no better has this been demonstrated by the huge excitement of our customers over the last few months. Pavel Matveev, CEO and Co-Founder of Wirex, said that: Unprecedented when compared to competitors and high-street banks, X-Accounts offer users the ability to earn up to 16% interest** back and demonstrates the staggering demand for next-generation DeFi services. We’re on a mission to offer one of the world’s most accessible interest-paying accounts ever, and have already seen nearly $10 million worth of funds stored in across more than 9,000 accounts, which continues to grow at an astronomical rate. Since then, we’ve made headlines globally after releasing our game-changing X-Accounts. These 15 join the other DeFi coins that were added in May: Since 7th June, we’ve added 15 tokens from some of the most popular DeFi players*. With an explosion of interest in the decentralised finance (DeFi) space in recent years, we’ve sought to develop our product to give nearly 4 million customers worldwide the ability to take advantage of this. Today we’re marking the milestone of adding 15 new coins to our platform as well as celebrating the success of X-Accounts, which now have over $10 million worth of funds secured in them! It’s been a busy couple of weeks for Wirex.
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