Introduction

Introduction 

In today's rapidly evolving financial landscape, more transactions and users are shifting towards on-chain and self-custody solutions. This trend is driven by enhanced blockchain infrastructure that offers a Web2 user experience on-chain, combined with growing mistrust of centralized platforms. Wirex Pay is at the forefront of this shift, providing a unique bridge between traditional payment systems and the emerging Web3 ecosystem. dsfasdf

Market trend

The market is witnessing two distinctive movements: centralized and custodial platforms are moving on-chain due to increased regulatory pressure, while users are moving on-chain due to a lack of trust in centralized platforms.

This dual shift is accelerated by advancements in blockchain technology, making it possible to build a Web2 user experience with on-chain and self-custody features.

The Need for Web3 Native Payments

Despite the growing on-chain activity, there is a notable absence of a web3 native composable payment infrastructure. Current on-ramps and off-ramps are plagued by inefficiencies, high costs, and delays due to multiple intermediaries and regulatory hurdles. Wirex Pay aims to address these issues by providing a streamlined, decentralized payment solution.

Bridging Traditional Payments and Web3

Wirex Pay offers a unique integration of blockchain technology with traditional payment systems like SEPA, Visa, and Mastercard. This allows users to benefit from the advantages of both worlds through a single platform without losing custody of their funds.

The platform's innovative architecture supports seamless payments directly from self-custody wallets, ensuring security and efficiency.

How Wirex Pay Enables Self-Custody Payments

Wirex Pay provides a step-by-step process to facilitate purchases directly from self-custody wallets: