Wirex Pay is a blockchain-based Decentralization Payment Network that aims to solve the problems of high concentration and high fees of traditional digital payment platforms by integrating blockchain technology to facilitate on-chain transfers across wallets. Incubated by UK-based digital payments company Wirex, Wirex Pay leverages Polygon's zero-knowledge (zk) technology to build a decentralized, gas-free, and on-chain payment system.

Main functions and features
Decentralization Payment: Wirex Pay uses blockchain technology to achieve a payment method without the need for third-party intermediaries, allowing users to maintain complete control over their funds‌13.
Self-service debit cards: Users can make transactions with the Wirex Pay card, which is used at more than 50 million merchants in more than 200 countries1.
Zero Fee Payment: When using Wirex Pay for payments, there is no need to pay transaction, foreign exchange, or withdrawal fees, achieving a seamless and cost-effective payment experience‌3.
Governance Token: WPAY is the governance token of the Wirex Pay network, allowing holders to participate in platform DAO decisions and vote on and manage network activities12.
Historical background and recent developments
The mainnet of Wirex Pay went live in August 2024, and its governance token WPAY was also launched in the same month. In addition, Wirex Pay has initiated a revolutionary node sale, inviting users to purchase node licenses and participate in the operation and management of the network. In this way, Wirex Pay is committed to building a truly Decentralization network, allowing everyone to participate in the operation and management of network nodes.