Wirex Business aims to make stablecoin payments mainstream in corporate settings, integrating them with both BASE and traditional enterprise-grade infrastructure.
Wirex, a crypto-focused fintech company, has expanded its Business solution to the BASE blockchain incubated by the popular crypto exchange Coinbase.
Wirex Business is the firm’s newly-launched corporate banking platform tailored for Web3 and crypto companies. The solution offers such enterprises regulated financial services like corporate cards and yield-earning accounts.
The corporate accounts created on the platform support multiple fiat and crypto currencies. There’s no need to create a separate account for each currency, which makes the solution very handy for businesses dealing with various digital assets. With Wirex physical and virtual Visa cards, companies can also seamlessly manage payroll and expenses.
Besides, Wirex Business enables instant conversions between fiat currencies and stablecoins, real-time payments and settlements, including SEPA, SWIFT, and blockchain transactions, contributing to efficient fund management and reducing exposure to currency volatility.
The platform operates on a self-custodial model, giving companies full control over their funds and eliminating counterparty risks. Finally, its built-in DeFi integrations allow Web3 and crypto companies to earn yield on their stablecoin holdings.
With BASE integration, the platform achieves greater speed, scalability, and security when it comes to on-chain transactions. The payments are facilitated by BASE-native stablecoins USDC and EURC across more than 80 million merchants globally.
Wirex states that this expansion is just the beginning of its further collaboration with BASE and Circle on strategic projects. Together, the firms aim to transform how businesses utilise digital assets across different blockchains. Looking ahead, the fintech company plans to integrate with multiple major blockchain ecosystems this year, so that it can deliver native stablecoin experiences across various networks to all clients, no matter their Web3 platform.
