Despite growing interest in cryptocurrencies, a fundamental disconnect exists between digital assets and everyday shopping. Millions of people hold crypto in different wallet types, yet few can use these assets at local stores.
Merchants hesitate to accept crypto due to price volatility, technical barriers, and high integration costs. As SpacePay approaches $1 million in presale funding with tokens at $0.003126, its focus on solving this practical gap stands out.
The Missing Connection in Crypto Commerce
A major disconnect exists between crypto ownership and actual spending options. While people hold billions in digital assets across hundreds of wallet types, few merchants accept these currencies for everyday purchases. This gap prevents crypto from fulfilling its original purpose as a payment system for regular transactions.
Merchants hesitate for several practical reasons. Traditional crypto payments expose businesses to price volatility – a $100 sale might be worth $90 by settlement time.
Most systems require special equipment or software that costs thousands to implement. The technical complexity often confuses both staff and customers, creating checkout delays and errors.
Previous crypto payment solutions typically charge 1-2% fees plus network costs, making them more expensive than traditional card processing for many transactions. Settlement times of hours or even days create cash flow problems for businesses that need immediate access to their earnings.
These barriers create a market opportunity that SpacePay addresses by connecting existing payment terminals directly to crypto wallets.
325+ Wallets, One Simple Payment System
SpacePay solves wallet fragmentation through a universal QR code system. Instead of requiring merchants to support hundreds of different crypto payment methods, the platform generates a single QR code that works with any of the 325+ supported wallets.
This universal approach means stores don’t need to choose which cryptocurrencies to accept or which wallet systems to support.
The technical process stays invisible to both merchants and customers. When a store enters a payment amount on their terminal, SpacePay’s system creates a QR code containing all necessary transaction details. This code works as a universal translator between different wallet protocols, handling the complex mapping of payment information across various crypto standards.
Behind the scenes, the system verifies payments through smart contracts that check wallet balances and transaction validity. This verification happens within seconds, confirming the payment to the merchant’s terminal just as quickly as a card transaction.
By eliminating the need for special equipment, SpacePay removes a major adoption barrier. Stores use their existing Android-based payment terminals through a simple software update, requiring zero new hardware purchases.
Merchant Benefits Beyond Lower Fees
While the 0.5% fee creates obvious savings compared to 3% card rates, merchants gain several advantages beyond cost reduction. Instant access to funds changes how businesses operate daily.
A store making morning sales can use that money immediately for afternoon inventory purchases. This quick access helps businesses respond to opportunities faster – from supplier discounts to unexpected stock needs.
Price protection removes the volatility risk that previously kept merchants from accepting crypto. When a store sells an item for $100, they receive exactly $100 in their local currency regardless of crypto market movements.
This guarantee lets businesses set consistent prices without worrying about exchange rate changes affecting their income.
Accepting crypto payments opens stores to new customer segments. Crypto holders often seek businesses where they can spend their digital assets, creating new sales opportunities. For international businesses, the system allows tourists and cross-border shoppers to pay without currency conversion fees or foreign transaction charges.
The multi-wallet compatibility means merchants don’t need to choose which cryptocurrencies to support. By accepting payments from 325+ different wallets, stores accommodate the widest possible range of crypto users.
From Concept to $1M Presale Success
SpacePay built its presale success on completed achievements rather than just future plans. The platform secured $750,000 in private investment, which funded development of the core payment system. This early backing from professional investors provided the foundation for building working technology before seeking wider market support.
Key milestones show actual progress beyond concepts. Smart Contract Audits verify that the payment system processes transactions securely while protecting user funds.
The “New Payment Platform of the Year” award at the CorporateLiveWire Global Awards 2022/23 provides external validation from industry experts. These concrete achievements help explain why presale funding approaches $1 million with tokens at $0.003126.
The expansion strategy focuses on creating adoption clusters in business districts. When several stores in a shopping area use SpacePay, they create natural awareness among both customers and neighboring businesses. This organic growth happens through visible results rather than marketing efforts.
New supporters can join the presale at the current token price using USDT, AVAX, BASE, MATIC, ETH, BNB, or bank cards. The platform accepts various payment methods through a clear process on the official website. Community channels on Telegram and X share regular updates about development progress.
In an exclusive AMA session hosted by BeInCrypto, Dmitry Lazarichev, Co-Founder of Wirex, unveiled the company’s bold expansion into the U.S. market. With a focus on self-custody, seamless crypto-to-fiat conversions, and real-world usability, Wirex Pay is set to shake up how Americans interact with digital assets.
From spending stablecoins at 80 million merchants via Visa to instant on/off-ramp features powered by Bridge, Wirex is an all-inclusive payments platform. Lazarichev explained how this move addresses the growing U.S. demand for crypto solutions that combine speed, security, and control without sacrificing the convenience of traditional finance.
In this AMA, Lazarichev also shared how Wirex empowers users with full ownership of their funds, fosters DeFi adoption via its WXT token, and ensures enterprise-grade security. Let’s get into it!
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AMA Session With Wirex
BeInCrypto: Today, we have a special guest speaker – Dmitry Lazarichev, Co-Founder of Wirex (@DmitryWirex)!
Ok, let’s start with this question
What motivated Wirex to expand its stablecoin payment platform to the U.S.?
Dmitry Lazarichev: The decision to expand Wirex’s stablecoin payment platform to the U.S. was motivated by the growing demand for seamless and secure crypto payment solutions in the country.
The U.S. has long been a leader in the adoption of digital assets, with both consumers and businesses seeking practical ways to leverage crypto in everyday transactions.
By bringing Wirex Pay to the U.S., we aim to meet this demand and offer users a simple, reliable way to use stablecoins in real-world payments while maintaining control over their assets.
Expanding to the U.S. was a strategic move to tap into a market that is rapidly evolving in terms of crypto adoption. The U.S. offers a unique combination of a large user base, innovation-driven businesses, and regulatory frameworks that support the growth of digital assets.
By providing Wirex Pay, we can facilitate the adoption of stablecoin-based transactions, which offer a more stable and secure alternative to traditional financial systems.
BIC: How does Wirex Pay differ from other payment platforms available in the U.S.?
Dmitry: Wirex Pay differentiates itself from other payment platforms by being a self-custodial solution. This means that users retain full control over their funds at all times, unlike many platforms that require users to trust a third party to manage their assets.
Additionally, Wirex Pay allows users to spend stablecoins at over 80 million merchants globally, thanks to its integration with Visa’s payment network. We also offer real-time conversions between crypto and fiat, ensuring smooth transactions without the need for complex wallet transfers or exchanges.
The core difference lies in the control we offer to our users. Most platforms are custodial, meaning they hold your assets in their wallets. Wirex Pay, however, allows users to retain ownership of their funds while making seamless payments through Visa’s global network.
This gives users the flexibility to spend stablecoins without needing to convert them to fiat first, making the process faster, simpler, and more secure.
BIC: What are the key features of Wirex Pay that U.S. users should be excited about?
Dmitry: U.S. users should be particularly excited about the instant on/off-ramp solutions provided through our partnership with Bridge, which allow for seamless, real-time conversions between stablecoins and fiat. This feature eliminates the delays typically associated with converting crypto to traditional currencies, making it easier to use digital assets in daily life.
In addition, users can benefit from real-time on-chain swaps for stablecoins and fiat, offering them greater flexibility and control. The ability to spend stablecoins directly at millions of merchants through the Visa network is also a standout feature.
The convenience of instant conversions ensures that users can access their funds in whichever form they need—whether crypto or fiat—without waiting for transactions to settle. This feature not only improves the user experience but also reduces friction in the transaction process.
Plus, having access to a wide range of merchants through Visa integration makes it incredibly convenient for users to pay with stablecoins wherever they go.
BIC: Can you explain how the collaboration with Bridge improves the user experience for U.S. customers and share more details about how stablecoin orchestration works through Bridge?
Dmitry: The collaboration with Bridge significantly enhances the Wirex user experience by making stablecoin transactions faster, more secure, and hassle-free. Bridge allows for real-time orchestration of stablecoin conversions, meaning users don’t have to manually swap assets or rely on third parties for transactions.
This process is automated and seamless, enabling users to convert between stablecoins and fiat instantly. For U.S. customers, this integration ensures that their funds are always available and ready to be spent, reducing wait times and simplifying the entire experience.
Bridge’s technology essentially streamlines the conversion process, so users don’t have to worry about manually exchanging stablecoins or worrying about market fluctuations. This automated orchestration provides a frictionless experience for users, ensuring that their transactions are not only fast but also secure.
By handling conversions behind the scenes, Bridge allows us to offer a more intuitive and efficient platform for U.S. users.
BIC: What are the benefits of using Wirex Pay via card and bank transfers while maintaining full control over funds?
Dmitry: The main benefit of using Wirex Pay via card and bank transfers is that it allows users to maintain full control over their funds while still making payments in a way that feels familiar. Users don’t need to trust a third party with their assets, as they can link their non-custodial wallets directly to the platform.
This gives them the flexibility to spend stablecoins at millions of merchants, without losing control of their crypto. Additionally, Wirex Pay offers seamless integration between crypto and traditional finance, so users can convert funds as needed without extra steps or delays.
The self-custodial nature of Wirex Pay is a game-changer for users who want to keep their crypto assets secure while still using them for daily purchases. This model eliminates the risk associated with custodial services, where assets are held by a third party.
Plus, the flexibility to use cards and bank transfers makes the platform accessible for a wider range of users, offering them the convenience of traditional payment methods while still enjoying the benefits of using stablecoins.
BIC: What kind of impact will the instant on/off-ramp solutions provided by Bridge have on U.S. users’ ability to convert crypto to fiat and vice versa?
Dmitry: The instant on/off-ramp solutions offered through Bridge will have a significant impact on U.S. users by removing the friction typically associated with crypto-to-fiat conversions.
Users can instantly convert their stablecoins into fiat, and vice versa, without waiting for transactions to settle or worrying about exchange rates.
This will make it much easier for users to use crypto in everyday life, whether they’re paying for goods, sending money, or managing their finances. The instant liquidity ensures that users can access their funds in the form they need, right when they need them.
This functionality is particularly beneficial for users who need to make quick payments or transfer funds between different currencies.
It eliminates the delays usually associated with conversion services, ensuring that users always have immediate access to the currency they require.
As a result, it also helps to make crypto more practical for everyday use, enabling faster transactions with fewer barriers.
BIC: Will the integration with Bridge allow U.S. businesses to accept payments in stablecoins directly? If so, what are the benefits for them?
Dmitry: Yes, U.S. businesses will be able to accept payments in stablecoins directly through Wirex Pay, thanks to our integration with Bridge.
The benefit for businesses is that they can avoid the volatility often associated with traditional cryptocurrencies, as stablecoins are pegged to fiat currencies.
This offers businesses the ability to accept digital payments while maintaining predictable value. It also allows them to tap into a growing customer base that prefers to use crypto for transactions, opening up new revenue streams.
By accepting stablecoins, businesses not only offer a modern payment method but also reduce transaction fees and payment processing times compared to traditional methods.
This can lead to greater efficiency, lower costs, and faster payments, which are key advantages for businesses looking to innovate and attract a tech-savvy customer base.
BIC: How does Wirex envision the future of crypto payments in the U.S., and what role will Wirex play in it?
Dmitry: Wirex envisions a future where crypto payments are integrated seamlessly into everyday life. As more people adopt digital currencies, we see a growing demand for stablecoin payments that are easy to use and widely accepted.
Wirex’s role will be to make these payments as simple and accessible as traditional card payments or bank transfers. We aim to provide the infrastructure and user-friendly tools that make it easy for individuals and businesses to use stablecoins in real-world transactions.
The future of crypto payments is about making digital currencies as easy to use as cash or credit cards. Wirex aims to be at the forefront of this transformation, providing U.S. users with the tools they need to transact easily and securely in a digital economy.
As the market evolves, we’ll continue to refine our platform and expand its capabilities to meet the changing needs of both consumers and businesses.
BIC: What updates and new features can U.S. users expect from Wirex in the next six months to a year?
Dmitry: In the next six months to a year, U.S. users can expect a variety of exciting updates and new features. We’re focused on expanding the range of stablecoins available on the platform, improving transaction speeds, and integrating with more payment systems to enhance user experience.
We’ll also be refining our platform’s security features and introducing additional tools that will make managing crypto assets even easier. These updates will ensure that Wirex remains a top choice for crypto payments in the U.S.
In addition to these enhancements, we’ll be rolling out improvements based on user feedback, ensuring that our platform meets the evolving needs of our growing U.S. user base.
The goal is to make Wirex Pay even more accessible and feature-rich, making it easier for U.S. users to navigate and manage their digital assets with confidence.
BIC: Now, my favourite part — questions from our Community
@Nauraa42: How does WXT bridge the gap between traditional finance and decentralized finance (DeFi), and what role does it play in Wirex’s long-term vision of integrating crypto into everyday financial transactions?
Dmitry: WXT, Wirex’s native token, plays a crucial role in bridging the gap between traditional finance and decentralized finance, acting as the bridge that connects these two worlds within the Wirex ecosystem. Through its utility, WXT helps to simplify the user experience, making DeFi more accessible to both crypto enthusiasts and traditional finance users.
One of the key ways WXT bridges this gap is by offering users a seamless way to participate in DeFi services while also engaging in everyday financial transactions. WXT can be used for earning rewards, and accessing exclusive benefits within the Wirex platform.
These features enable traditional finance users to explore DeFi in a straightforward and familiar manner. For example, users can earn rewards by staking WXT, gaining exposure to DeFi principles like yield farming, without needing to fully immerse themselves in complex DeFi protocols. This hands-on approach provides an easy entry point for those new to the space.
In the long run, WXT plays a key role in Wirex’s mission to make digital finance mainstream. By incorporating WXT into both DeFi activities and everyday transactions, Wirex is positioning itself as a bridge that connects users to the benefits of decentralized finance while ensuring they have the tools and rewards they need to make crypto a regular part of their financial lives.
BIC: @PaulTan001: Wirex is fantastic, and it has good ideas. Each project has interesting stories before it is created. So can you tell us about the story, problems, difficulties, etc., that gave you the motivation to build and develop Wirex?
Dmitry: Absolutely! Pavel Matveev and I, in fact, discussed the inspiration and journey behind Wirex in a recent anniversary episode of the Wirex Crypto Podcast.
We reflected on the exciting moments and the challenges we faced along the way in building the platform from the ground up. If you’re curious about our journey, the lessons we’ve learned, and the vision behind Wirex, make sure to check out the full episode here:
BIC: @tamishabaumann2: How can we trust WIREX and believe it is not a scam project? A lot of rug pulls and exit scams are happening these days.
Dmitry: It’s completely understandable to be cautious, especially with the rise of scams in the crypto space.
However, Wirex is a fully regulated and trusted platform with a proven track record of transparency, security, and compliance. We’re committed to safeguarding our users’ assets and providing them with a reliable, long-term solution for managing both crypto and traditional finance.
At Wirex, security is a top priority. We deploy multiple layers of advanced security measures to protect our customers and their assets. For example, we use Fireblocks Secure MPC Technology, which leverages Multi-Party Computation (MPC) to ensure private keys are never exposed and eliminate any single points of failure. This technology helps secure your assets with institutional-grade protection.
Additionally, all significant withdrawals from Wirex require multi-signature and multi-approval processes, which involve strict approval by authorized personnel using verified devices. This ensures that unauthorized transactions are prevented. We also utilize whitelisted and time-locked transactions, restricting withdrawals to pre-approved addresses and applying time delays for high-value transactions to further mitigate risks.
To further protect our users, Wirex has an advanced fraud and risk management system in place. We continuously monitor transactions for suspicious activity and use automated risk controls and fraud detection algorithms to block unauthorized transfers in real time. We also collaborate with leading cybersecurity and blockchain analytics firms to stay ahead of emerging threats and malicious actors.
Wirex operates in compliance with the highest industry standards. We are ISO 27001 and PCI DSS 4.0 certified, adhering to globally recognized cybersecurity and privacy management standards. Our commitment to regulatory compliance across multiple jurisdictions, including the UK and Australia, ensures transparency and resilience. Additionally, our security infrastructure undergoes regular third-party audits to validate and strengthen our defenses against evolving threats.
Wirex has been operational for over 10 years, and with the combination of these security protocols, regulatory adherence, and industry best practices, we offer our users peace of mind that their assets are in safe hands. We believe in the power of transparency and security, and we work tirelessly to provide a platform that users can trust.
BIC: @ngocsont993: Can you tell us about WIREX’s team members? Are they qualified and professional in their fields? What are the recruiting qualifications for team members of WIREX?
Dmitry: Absolutely! At Wirex, we are incredibly proud of our team, which is made up of highly skilled and qualified professionals who bring a wide range of expertise from fields like finance, technology, cybersecurity, regulatory compliance, and more.
Our team members share a common passion for transforming the financial landscape, and together, we work toward our goal of bridging the gap between traditional finance and the world of cryptocurrency.
Wirex has built a global presence with offices in key locations such as London, Italy, Singapore, and Ukraine. Each office plays an integral role in our operations, helping to ensure we can serve our diverse user base across various regions and maintain a high level of service and innovation. Our teams in these offices bring a wealth of regional expertise while contributing to Wirex’s overarching vision of revolutionizing digital finance on a global scale.
Recruiting at Wirex is a highly selective process, and we seek individuals who not only have strong technical expertise but also align with our values of transparency, security, and innovation.
We are open to accepting brilliant minds from around the world to join us in creating a new story. We believe in building a diverse and dynamic team that reflects the global nature of the crypto ecosystem. You can check out our job openings here https://wirex.bamboohr.com/careers
BIC: @trgdoa: Can you provide WIREX’s official Telegram group links and social media links? I have seen many similar groups.
Dmitry: Sure! For official communication and updates, here are the links to Wirex’s official Telegram group and social media profiles:
Make sure you’re following these official channels for the latest news, announcements, and support. If you see other similar groups, please be cautious and make sure they are not unofficial or potential scams. Always rely on the official Wirex links for your safety and security!
BIC: It was the last question of our AMA session!
@DmitryWirex thank you for being here today
Conclusion
Wirex’s move into the U.S. marks a thoughtful step toward making stablecoin payments more accessible and user-friendly. By offering self-custodial control, seamless crypto-to-fiat conversions through Bridge, and integration with Visa’s payment network, Wirex provides a practical solution for those looking to use digital assets in everyday life.
As Dmitry Lazarichev highlighted in the AMA, the focus is on combining the convenience of traditional payments with the benefits of stablecoins, without compromising on security or user control.
With clear use cases for both individuals and businesses, Wirex Pay shows potential to support wider adoption of crypto payments in a way that feels familiar, yet future-ready.
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