Here we are people with my short overview on the new WXT:
Wirex Token (WXT) is a utility token based and created on the Stellar blockchain which will be issued by Wirex crypto bank.
Wirex (Gibraltar) Limited is a wholly-owned subsidiary of Wirex UK.
Wirex chose the Stellar blockchain because they believe it is the most suitable blockchain for payments, expecially for the future of crypto world due to its low cost-per-transaction, high transaction throughput and native compliance framework.
Here 's a short introduction also to the WXToken utility:
WXToken is designed to benefit their growing B2C and B2B user communities and to help their customers to save on fees if they maintain the required balance of WXT tokens.
Every user will be entitled to benefit up to a 100% discount on Wirex fees (the percentage depends on the amount of WXT held by a customer), including:
- exchange fees
- monthly management fees
- bank transfer fees
- top-up via credit or debit card
- ATM fees
- token hosting fees
- blockchain transfer fees
There will be also the program of collecting rewards through the usage of Wirex Token (WXT)
They will be used as a universal reward token for the following Wirex reward programmes:
- cryptoback™ – from 0.5% to 1.5% on every in-store purchase paid in WXT
- merchant Offers – discount/cashbacks provided by merchant networks, paid in WXT
- travel Offers – up to 1% for eligible foreign transactions paid in WXT
- Wirex Business Rewards – business incentives for using Wirex Stablecoins, paid in WXT
There will be also other awesome benefits for all the customers of Wirex, expecially for those who will invest and hold their WXTokens.
Here are some of them:
Wirex Token (WXT) holders will have access to exclusive Wirex app/Wirex Business features:
Wirex app (retail)
- discount on fees
- premium Wirex Visa card - higher Cryptoback™
- Bespoke merchant offers and discounts
- dedicated support line
- concierge service
- airport lounge access
- early access to new features
Wirex Business (corporate)
- discount on fees - multiple IBANs per legal entity
- dedicated account manager
- no transaction limits
- enhanced Wirex Business Rewards
- unlimited users per organisation
- bespoke merchant offers and discounts for businesses
- free access to accounting integration (XERO, Sage)'
As we can see, WXToken it will be an awesome Stellar-based utility token to be widely used on the Wirex platform and will allow users to unlock benefits and utilise our features as efficiently as possible.
Invest NOW people and grab your WXTokens on 26th of June.
First, registe and order your Wirex crypto card here:
