Stellar Lumens Network to Home 26 Stable Coins for Everyday Use from Wirex and MasterCard PartnershipJuly 29, 2020
Stellar have been talking about the Wirex and Mastercard partnership. Wirex will be launching nearly 26 new stable coins in the Stellar blockchain. All of these stable coins can be used in a seamless manner for everyday use. It can be used online, it can be used at the ATMs, shops, restaurants and the supermarkets.
The idea of 26 stable coins is remarkable as Wirex has access to the APAC market through the release of WXT, their native Wirex Token. They also have their office openings in Japan, Singapore, Atlanta, Dallas, Toronto and Dublin.
It is going to be easy for them to sell the use cases of these 26 stable coins to their already well-established market base. It is expected that this move will revolutionize the fintech and cryptocurrency space.
Very soon Wirex are also going to come up with Wirex cards for the EEA region. The features are expected to be game changing. There will also be additional currencies, and free international ATM withdrawals. The limits are expected to be sky high providing for significant advantage over their competitors.
Wirex Business clients will be issued with corporate cards. The innovation is set to continue making cryptocurrencies very much accessible for everyday use.
Edoardo Volta, Fintech Head of Mastercard UK and Ireland, expressed, “We are excited to be starting this new relationship with Wirex, offering consumers further choice and flexibility in the way they pay. We look forward to supporting Wirex in the delivery and growth of their innovative payment solutions.”
In this regard, Sydney Ifergan, the crypto expert tweeted: “About 26 more stable coins on the Stellar Lumens Network. Good for their access to the Asia Pacific market. Way to go with Wirex and Mastercard.”
Stellar Lumens (XLM) and Wirex Making Money More Fluid
Previously in the past year, the first stage of the collaboration saw Stellar Lumens (XLM) launched in the Wirex Platform.
Both Stellar Lumens and Wirex are companies who have a greater goal. Their partnership is encouraging to provide for mass adoption of digital currencies which transform the way in which people make their payments.
It is the beginning of the relationship with Wirex in the past year Jed McCaleb expressed that the move is towards improved financial openness. Though we already know that Stable coins have the capability to transform the payments space, money will become more fluid after the coming of the 26 stable coins on the Stellar Network.