Wirex partners with Gateway.fm to scale its ZK-powered WPay network

PRNewswireFebruary 5, 20245 min

Wirex, a leading Web3 money app, has announced a strategic collaboration with Gateway.fm, a global multi-chain architecture decentralised blockchain infrastructure node provider.

This partnership is set to revolutionise the scalability and efficiency of Wirex’s¬†recently launched WPay Decentralised Payment Network. By teaming up with Gateway.fm and utilising their PaaS, Presto, Wirex wants to scale its Zero-Knowledge (ZK) powered¬†WPay¬†platform.

With Presto, Wirex aims to enhance the network’s transaction throughput, reduce strain on the¬†Ethereum¬†mainnet, and provide users with a smoother experience as they navigate between traditional finance and Web3. It’s a practical step towards making decentralised payments more seamless and efficient for everyone involved.

Key highlights of the partnership:

  • WPay’s Value Propositions: This partnership reinforces WPay’s key value propositions, including self-custody, digital asset flexibility, uncompromised security, and instant spending. WPay empowers users by providing full control over their assets, easy management of digital assets, the highest security standards, and the ability to use¬†cryptocurrency¬†for everyday transactions.
  • Private zkEVM Rollup: Gateway.fm will provide¬†Wirex¬†with a private¬†zkEVM¬†(Zero-Knowledge¬†Ethereum¬†Virtual Machine)¬†rollup¬†solution. This technology enhances scalability, cost efficiency, and off-chain transaction processing, ensuring uninterrupted services.
  • L2 Integration: The integration of L2 (Layer 2) technology facilitated by Gateway.fm’s Presto, powered by Polygon¬†CDK, marks a significant step forward in improving¬†Wirex’s¬†card services.

Wirex’s CEO & Co-founder¬†Pavel Matveev¬†expressed his excitement about the partnership, stating, “We are thrilled to partner with Gateway.fm to enhance the scalability and efficiency of our WPay platform. It underscores our dedication to delivering cutting-edge, user-centric solutions. With Presto’s capabilities, we are confident that WPay will continue to redefine the way people use digital assets in their everyday lives.

The implementation of Gateway.fm’s Presto is expected to bring about substantial improvements in the performance and user experience of WPay. It will enable faster transaction processing, reduced costs, and increased network capacity, all while maintaining the highest standards of security.

Igor Mandrigin, Co-Founder and CTO of¬†Gateway.fm, said:¬†“This partnership gives expression to the power of private zkEVM roll-ups in terms of driving security, scalability and cost efficiencies for important real-world use cases. By leveraging our Platform-as-a-Service Presto, Wirex’s growing user base can now access streamlined blockchain-enhanced financial services, and we look forward to broadening the scope of this partnership in the months ahead.”

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