LUSD is now on Wirex

LUSD and LQTY are now available on the Wirex app and card. This integration lets users easily buy, and use their Liquity tokens for everyday purchases.

Recently, Liquity marked another milestone – 1000 days since its smart contracts were deployed on the Ethereum mainnet. With no changes possible due to the immutable nature of the contracts and never having had security issues since launch, LUSD is among the best in class concerning risk. The stablecoin offers users a reliable and secure store of value and is considered the safest stablecoin by stablecoin agency Bluechip‍

Now, holders of the resilient and decentralized stablecoin can use Wirex for their daily spending needs. But what exactly does Wirex offer to the Liquity community?

What is Wirex?

Wirex is a digital payments provider that has an App and a crypto-enabled card. The company has been around since 2015 when it introduced the first cryptocurrency card. As a Visa and Mastercard principal member, Wirex serves over 6 million customers across 130 countries, offering accounts for seamless storage, purchase, and exchange of different crypto and fiat currencies.Wirex aims to simplify the interaction between cryptocurrencies and everyday financial activities.

Imagine buying your morning coffee using crypto – this is an example of the seamless experience Wirex provides. The company is integrating the core features of a crypto wallet and exchange with those of a neo-bank into one secure-focused, FCA-regulated application.With over $20 billion in transactions processed, Wirex aims to drive the mass adoption of a cashless society by facilitating global crypto and fiat currency transactions. 

Which countries does Wirex support? 

Wirex provides financial services its users from muiple countries globally. Currently, the platform is available in over 130 countries. These include all countries from the European Union, the United Kingdom, Australia, New Zealand, Hong Kong, India, Philippines, Singapore, Taiwan and others. For full list of available countries check here. 

Benefits for Liquity users

On a basic level, this integration enables LUSD and LQTY holders to use their tokens for real-life transactions. Nevertheless, Wirex offers many more features than just a being a simple on and off-ramp service. 

Cryptoback Rewards - Rewards and Utility

With Cryptoback Rewards, users can earn up to 8% back on purchases using their Wirex card. While the full 8% requires meeting certain criteria, even basic accounts get 0.5% cash back by default.

Conclusion

In summary, Wirex’s blend of features, multi-market service offering, and commitment to easy-to-navigate UX gives a well-integrated all-around product for Liquity token holders. This integration offers additional convenience for those holding LUSD and LQTY, enabling them to use their tokens in everyday transactions with greater ease. For those who are interested in exploring this new option, setting up a Wirex account is a straightforward process.

Learn how to create one here.

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