Wirex is set to launch a dedicated appchain in collaboration with Tanssi, aimed at revolutionizing crypto payments and achieving greater compliance and scalability.
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Serving 6 million users in 130 countries, Wirex is a key player in the payments space and a principal member of Visa and Mastercard. The new appchain, currently on Tanssi’s testnet and slated for mainnet launch later this year, will efficiently manage Wirex’s annual transaction volume of over $20 billion, minimizing dependence on third-party infrastructures.
This strategic development will simplify operations, boost compliance, and enhance Wirex’s independence while providing Ethereum-grade security and interoperability with DeFi, stablecoins, and tokenized assets.
Dmitry Lazarichev, Co-founder of Wirex, stated:
“Tanssi allows us to decentralize Wirex’s ecosystem significantly. Their infrastructure-first approach reduces technical hurdles, giving us more autonomy and scalability. This partnership is vital in making crypto-powered payments mainstream.”
Dmitry Lazarichev, Co-founder of Wirex
The Need for Decentralized Payment Infrastructure
As Wirex expands its global footprint, the management of millions of crypto transactions demands enhanced reliability, speed, and regulatory oversight. Historically, reliance on external infrastructure has led to delays in compliance updates and higher transaction costs, hindering innovation.
With projected global payments revenue exceeding $3 trillion by 2028 and real-world asset tokenization nearing $17 billion this year, the need for predictable and compliant infrastructure is crucial. For Wirex, overcoming these limitations is essential. The dedicated appchain will give them control, reducing delays and embedding compliance into blockchain logic.
Wirex aims to make digital assets practical for everyday use, integrating Web3 innovations into financial systems. This infrastructure independence ensures a smoother, faster, and safer payment experience for users.
Why Tanssi?
Wirex chose Tanssi for its decentralized infrastructure-as-a-service platform, designed to launch compliant appchains quickly. This partnership offers immediate infrastructure ownership, regulatory customization, and faster innovation.
Key benefits include:
Instant Appchain Deployment: Tanssi’s pre-built templates allow for rapid setup, accelerating Wirex’s market strategy and cutting deployment time and costs.
Institutional-Grade Security: Backed by Ethereum, Tanssi’s framework offers robust decentralized validation and shared economic security, ensuring compliance and facilitating innovation.
Embedded Compliance: Tanssi enables Wirex to integrate critical compliance features into its appchain, simplifying regulatory alignment and ensuring transparent governance.
Cost Reduction: The infrastructure-as-a-service model streamlines management and lowers operational costs, allowing Wirex to focus on innovation and user experience.
Unlocking the Future of Crypto Payments
With its dedicated appchain, Wirex gains direct control over its infrastructure, enabling rapid scalability and built-in compliance capabilities that traditional methods can’t provide. For its 6 million users, this means faster innovations, lower costs, and an improved crypto-to-fiat payment experience.
The Wirex appchain is live on Tanssi Testnet, with mainnet deployment scheduled for later this year. Developers can start deploying their own appchains now at apps.tanssi.network.
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About Wirex
Wirex is a UK-based digital payments platform with over 6 million customers across 130 countries. It provides secure accounts for seamless currency storage, purchase, and exchange. As a principal member of Visa and Mastercard, Wirex is committed to driving the adoption of digital finance and wealth management.
About Tanssi
Tanssi offers decentralized infrastructure as a service, enabling various use cases to effortlessly launch sovereign appchains. Built for decentralization and compliance, Tanssi automates essential processes while providing customizable options for teams.
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