When it comes to bridging the gap between traditional finance and Web3, Wirex Pay plays a vital role by providing seamless, gas-free and on-chain payment solutions. This approach opens up an innovative framework for the future of finance through the intelligent use of blockchain technology.
What is Wirex Pay?
Wirex Pay is the world’s first decentralized payment network (DPN), uniquely bridging traditional and decentralized finance.
Wirex Pay is incubated by Wirex, a renowned UK-based award-winning digital payments platform with over 6 million customers in nearly 130 countries. This enables Wirex Pay to be a pioneering modular payment chain, further underpinned by Polygon’s cutting-edge Zero Knowledge (ZK) technology.
The Polygon ZK network is known for its unrivaled transaction efficiency and security. This gives Wirex Pay the ability to seamlessly integrate traditional finance with blockchain. This allows users to make instant and secure payments using a wide range of cryptocurrencies while maintaining full control over their assets.
Using Polygon’s super-efficient technology, Wirex Pay offers completely gas-free transactions, ensuring there are no hidden fees. This gives users a simple on-chain payment network with full control!
Wirex Pay goes beyond just a payment network. It offers a new way to use and manage digital assets, focusing on user empowerment, security, trust, and decentralization. No matter who you are, Wirex Pay tools are designed and built to benefit everyone, whether you’re a casual user or a DeFi enthusiast.
Blockchain nodes and how do they function?
One of the key features that makes Blockchain technology unique and secure from other technologies is the use of nodes.
Nodes act as participants in the network because the devices they run on have permission to monitor the Registry. The Registry is where all the important information about the network is stored and is publicly available to everyone.
Thus, the main task of a blockchain node is to confirm the legitimacy of each transaction recorded in the ledger. This helps ensure that the network operates independently in the absence of a centralized authority. Since the nodes are located in a distributed network, there is no fear of hacking or network failure.
Without nodes, the blockchain network simply cannot operate securely and smoothly.
Highlighting the importance of Wirex Pay’s approach, Pavel Matveev, co-founder of Wirex, said:
“At Wirex Pay, our mission goes beyond simply offering a payment platform; we are ushering in a new era in financial technology. Our nodes are central to this vision, enhancing the efficiency and security of Wirex Pay and setting a new standard for what is possible in the digital financial space. By making nodes a core part of our system, we are not only leading the way in innovation, but also delivering real, tangible benefits to our users and community.”
What are Wirex Payment Nodes?
Given the importance of nodes, Wirex Pay offers an innovative approach for its users that allows them to become active members of the network. Using this approach, the Wirex Pay network remains fully decentralized, and users have more control over its governance and infrastructure.
Wirex Pay offers Node sales, which are a way to distribute “special licenses” or “tickets” to its users who want to be part of its ever-expanding network and support decentralized finance. In fact, Node sales are not just tickets or licenses; they also offer countless rewards to users, thus being extremely profitable and attractive to participants.
In exchange for Node sales, Wirex Pay can facilitate much-needed early stage fundraising, which benefits both parties!
How does the sale of Wirex payment nodes work?
The Wirex Pay node sale features 100,000 nodes organized into 40 tiers, with prices increasing as each tier is filled.
Node selling is designed to provide a fair and structured way for participants to join. The tiered system lowers the barrier to entry and makes the system more democratic as it welcomes people from different economic backgrounds.
Additionally, the price tier allows early backers to get better prices. This structure ensures early participation and balanced demand.
Each purchased node is represented by a unique NFT (ERC-721) node license, which provides users with proof of ownership. Each purchased node is activated within 45 days of the token generation event.
Features and Benefits of Wirex Payment Nodes
Key features and benefits of Wirex payment nodes include:
Decentralized infrastructure and management
The purpose of nodes is to help distribute control and operation of the network among a wider community by giving more control to users, which increases network security.
This also helps reduce reliance on a centralized entity and democratizes decision-making. In fact, Wirex Pay Nodes operate similarly to a decentralized autonomous organization (DAO), as users have a dedicated platform on which to make important decisions.
Early Access and Fundraising
Users who purchase Wirex Pay nodes early will be able to participate in the development of the network and will also have the opportunity to be the first to receive Wirex Pay rewards.
This helps Wirex Pay provide a sustainable way to raise funds to grow the platform and attract more users.
Network Security and Performance
The purpose of nodes is to verify network transactions, maintain the blockchain ledger, and ensure the security and performance of the network; with node sales, Wirex Pay can distribute nodes around the world. This is because the more nodes that are distributed around the world, the stronger the network becomes and the less susceptible it is to cyber attacks.
This also minimizes the risk of power ending up in the hands of whales or any other entity capable of manipulating the decision-making process.
Benefits for Node Owners
There are several benefits for users who want to become Wirex Pay node owners. These benefits include:
1. Receiving rewards
Node owners or operators receive 20% of the $WPAY token supply for five years and up to 40% of transaction revenue. This gives users a permanent passive income and a stake in the success of Wirex Pay. The $WPAY token is an ERC-20 token with a fixed supply of 10,000,000,000 tokens.
2. Management rights
Users who own nodes are given governance rights that allow them to vote on network decisions that will help shape the future of Wirex Pay. This approach is vital for any project that aims to remain decentralized, as giving users a democratic voice ensures that the network will evolve in their interests.
3. Trading skills
Since each node purchase is represented by a unique NFT node license, users can trade or even sell them if they wish. This ensures that when purchasing a node, the user is not tied down for life, but rather is purchasing something that offers flexibility and convenience.
This also helps ensure that participation is accessible and attractive to a wide range of audiences, from individual users to institutional investors.
4. Possible benefits and rewards
In addition, Wirex Pay plans to announce potential incentives and rewards for node holders in future phases. These incentives and rewards will cover several areas, ensuring maximum profits, especially for holders.
In conclusion
With the rise of digital payments and the use of cutting-edge blockchain technology, Wirex Pay has entered a world with endless possibilities. It also ensures that its users have the final say in matters related to the future development of Wirex Pay.
It is therefore not surprising that the sale of Wirex payment nodes raised over $20 million in total, with over 11,000 wallets registered.
You can also invest in the future of digital payments by purchasing Node or simply using Wirex Pay for your daily transactions. This will give you the benefits of a payment solution that connects cryptocurrency with traditional finance.
If you want to learn more, you can visit the Wirex Pay website or stay connected on X and Discord for the latest updates.
