Wirex recently received regulatory approval in Australia and launched their innovative stablecoin payment platform in the United States.
These developments will help the respected financial technology and crypto payment service provider expand their already impressive global profile.
Wirex Registers as a Digital Currency Exchange Provider in Australia
The ambitious United Kingdom-based fintech company is now registered as a Digital Currency Exchange provider in Australia.
They can now offer Australians secure and seamless digital currency exchange services. Users will be able to trade and manage their digital assets without fear or hitches.
Securing digital currency exchange registration in Australia underscores the firm’s commitment to fostering a safe and transparent digital finance ecosystem.
As Wirex continues expanding globally, the firm remains dedicated to working with regulators to balance innovation with strong consumer protection.
Wirex is eager to maintain a high level of trust with its users, and the first step is to ensure that it operates within the legal boundaries of Australia’s regulatory frameworks.
Complying with the laws of Australia will help with any concerns about credibility and open the doors for more exciting innovations in crypto.
Expanding Stablecoin Payments in the United States
Wirex recently launched a new stablecoin platform – Wirex Pay – in the US in partnership with stablecoin experts Bridge.
Wirex Pay is a decentralised solution that allows US users to transact with stablecoins using cards and bank transfers. It can operate across over 200 countries and 80 million merchants where Visa is accepted.
US residents can link their non-custodial wallets to make stablecoin payments while maintaining complete control over their funds.
This development is timely, with the technology sector looking for new ways to utilise digital currencies and get more people to use blockchain financial solutions.
By offering a decentralised payment layer that works anywhere Visa is accepted, Wirex is unlocking new financial capabilities for humans and artificial intelligence-driven economies.
Wirex has over six million customers in 130 countries and has processed $20 billion in transactions. With Wirex Pay, they are determined to make crypto a staple of everyday transactions.
Opportunities Abound for Wirex
The iGaming industry is at the forefront of the push to embrace cryptocurrencies. When the value of Bitcoin boomed in 2024, crypto betting also enjoyed a massive surge.
According to a report from iGaming industry tech provider SOFTSWISS, digital currencies have become prominent in the betting industry
That point is particularly pertinent in Australia, where many tech-savvy punters use crypto to fund their iGaming activities. Digital assets give players more viable betting payment methods in Australia.
The SOFTSWISS annual State of Crypto report revealed that the total amount players bet in 2024 grew by 35.9 percent from 2023, and crypto bets rose by 18.7%.
However, the total number of crypto bets dropped by 12.8%, although the average bet size increased due to the rising exchange rate of Bitcoin. The numbers indicate players placed higher-value wagers while being cautious about crypto betting.
Another exciting development coming out of the crypto gambling space is altcoins. In 2023, 26.8% of the total bets placed were altcoins, but that number surged to almost 50% by last year.
Even though Bitcoin is arguably the most trusted digital currency, bettors want alternatives such as Ethereum, Litecoin, Tether and Dogecoin. Riding this digital asset wave, gaming companies have started creating digital tokens. They are less volatile and give players exclusive in-game perks.
Bitcoin’s rate surge in 2024 has driven higher average crypto bet sizes, yet the decline in total crypto bets suggests players are diversifying and managing risks more cautiously.
The growing adoption of altcoins and proprietary gaming tokens highlights a shift toward more stable and engaging financial ecosystems.
What Does the Future Hold for Crypto Payments?
Wirex hopes to engineer increased adoption of digital assets in everyday transactions, and their expansion in Australia and the United States shows they remain committed to that vision.
They have locked in regulatory approvals and key partnerships while debuting new payment solutions designed to drive the digital finance ecosystem forward.
With crypto payments becoming more popular, businesses and consumers will enjoy more financial flexibility and security around their transactions and personal data.
Everything Wirex is doing and the trends in the industry show that digital assets are here to stay and will continue shaping the financial world in the future.
