Crypto Wallet Wirex Adds Support for WAVES Deposits and Withdrawals

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Wirex, UK-based provider of cryptocurrency wallets linked to physical and virtual Visa debit cards, announced today that its customers will now be able to deposit and withdraw funds using Waves cryptocurrency.

WAVES is the fifth cruptocurrency listed on the Wirex platform. Accroding to the announcment post, the launch of the Wirex WAVES Wallet cements company’s industry-leading offering as one of the most unique on the payment card market.

“Waves offers a sophisticated alternative to open source platforms. Much like the Ethereum blockchain, users can develop and build unique, decentralised applications using a “lightweight architecture”. This framework enables the platform to perform at higher speeds and lower costs than Ethereum, an efficiency that has created greater scope for streamlined scalability and has the potential to inspire increased mainstream crypto adoption. Cryptocurrency journalist Steven Buchko has noted that the Waves platform caters to many diverse applications, “whether you want to crowdfund a project, build a loyalty rewards program, or create an in-app currency”,” said company.

“Unlike the Bitcoin blockchain, which uses hard forks (new currency protocols) to build every new application, Waves creates these using bespoke plug-ins as an extension of the core software. This means that the Waves architecture doesn’t require clients to update their software every time a new app is developed and added to the platform, making it a particularly disruptive addition to the decentralised platform market,” continued Wirex.

Despite all the good news Waves price remain quite stable and at the time of writing is trading at $2.76 USD, according to coinmarketcap.com

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