Digital currency platform Wirex now supports the tGBP, offering regulated tokenised British Pounds to its 6 million user base.
Tokenised GBP and Wirex Partner to Make Digital Pound Accessible Worldwide
In a significant move towards expanding the use of digital currencies, Tokenised GBP and Wirex are exploring the launch of a fully branded card programme. This partnership aims to make the tokenised British Pound (tGBP) easily accessible to consumers and businesses worldwide.
Benoit Marzouk, CEO of Tokenised GBP, expressed his excitement about the collaboration with Wirex, stating, "We are thrilled to be partnering with Wirex to make tGBP available globally."
The tGBP is a regulated, fiat-pegged digital pound that merges the trust and compliance of traditional finance with the programmability and accessibility of Web3. It will be natively supported on WirexPayChain, Wirex's proprietary zk-powered Layer 2 blockchain designed for efficient, low-cost stablecoin settlements.
Wirex Pay's non-custodial business infrastructure includes stablecoin-backed current accounts, corporate banking services, and Web3 Banking-as-a-Service (BaaS) offerings. With this integration, over six million users across 130+ countries will be able to access and transact with tGBP.
The key functionalities of the tGBP integration into the Wirex platform include direct mint/redeem integration, Wirex Pay integration, WirexPayChain expansion, and card issuance collaboration.
Direct mint/redeem integration allows for instant and transparent conversion between traditional GBP and tGBP for users and businesses. tGBP will be enabled as a funding and payout method within Wirex Pay's non-custodial business infrastructure, supporting stablecoin-backed current accounts, corporate banking services, and Web3 BaaS offerings such as card issuing and IBAN services.
tGBP will be natively supported on WirexPayChain, facilitating efficient and low-cost stablecoin settlements. Wirex and Tokenised GBP are exploring the launch of a fully branded card program, enabling consumers and businesses worldwide to use tGBP-linked cards powered by Wirex Pay’s infrastructure.
The integration of tGBP into Wirex's custodial and non-custodial platforms creates powerful new rails for compliant, programmable GBP on-chain. This collaboration aims to accelerate the mission to bring regulated, transparent, and practical stablecoin infrastructure to businesses and consumers.
Later this year, tGBP will be natively supported on WirexPayChain. The partnership with Tokenised GBP reinforces Wirex's vision to build regulated, real-world-ready infrastructure for digital money. It is worth noting that tGBP is managed under rigorous operational and regulatory oversight.
tGBP is issued by a UK-based, FCA-registered cryptoasset firm and is backed 1:1 by GBP reserves held by authorized custodians. It is available via TokenisedGBP.com.
In conclusion, the integration of tGBP into Wirex's platform enhances both retail and corporate digital money uses within the Wirex ecosystem. This partnership is a significant step towards making digital currencies more accessible and practical for everyday use.
Read also:
- Exploring Harry Potter's Lineage: Decoding the Enigma of His Half-Blood Ancestry
- Elon Musk Acquires 26,400 Megawatt Gas Turbines for Powering His AI Project, Overlooks Necessary Permits for Operation!
- U Power's strategic collaborator UNEX EV has inked a Letter of Intent with Didi Mobility to deploy UOTTA(TM) battery-swapping electric vehicles in Mexico.
- Global Gaming Company, LINEUP Games, Moves Into Extensive Global Web3 Multi-Platform Gaming Network
