Wirex and Tanssi Launch Crypto Appchain for Payments

Wirex and Tanssi aim to revolutionize crypto payments with their new appchain. The partnership signifies a technological shift with Tanssi’s infrastructure enhancing Wirex’s payment system.

Dmitry Lazarichev, Co-founder of Wirex, emphasizes reducing reliance on third-party infrastructure. The initiative focuses on executing $20 billion in crypto transactions annually.

Wirex expects the appchain to increase throughput and reduce costs, benefiting Ethereum, Bitcoin, and major stablecoins. The project highlights the ongoing evolution of crypto payments.

Wirex’s appchain aims to deliver greater autonomy, scalability, and regulatory compliance. Historical trends highlight similar efforts by leading crypto firms to streamline and enhance payment processes.

The initiative is reminiscent of past integrations like Circle’s USDC blockchain project, known for improving transaction speeds and lowering fees. These developments typically boost network activity significantly.

Industry experts predict the appchain will catalyze stablecoin interaction in DeFi, enhancing the crypto ecosystem’s capabilities. Such innovations often lead to a broader adoption and market participation.

“Tanssi enables us to take a giant leap forward in decentralizing Wirex’s ecosystem. Their infrastructure-first approach and ready-to-deploy appchain environment significantly reduce technical friction while giving us greater autonomy and scalability. This collaboration is a crucial step in our journey to make crypto-powered payments mainstream.” — Dmitry Lazarichev, Co-founder, Wirex