Despite progress in onchain infrastructure, the absence of Web3 native payment rails poses a challenge as current solutions rely heavily on custodial systems. Wirex founders Pavel Matveev and Georgy Sokolov discussed these hurdles and their innovative solutions. Wirex, established in 2014, has evolved from bridging crypto and everyday spending to creating a new payment system. The platform offers a debit card for converting crypto to fiat, with stablecoins being the preferred spending method. Wirex Pay, set to launch in July 2024, utilizes zero-knowledge tech for security and scalability, allowing users to retain control over their funds. The platform's node sale offers users the chance to become key network components. Wirex also plans to introduce CryptoCredit Bridge, enabling banks to accept onchain crypto as collateral for loans. The founders envision Wirex as a leader in retail applications, simplifying crypto usage for the masses. Read more AI-generated news on: https://app.chaingpt.org/news