Wirex, a crypto payment service provider, has launched W-Pay, a zero-knowledge proofs-based non-custodial crypto debit card service. W-Pay is built on Polygon’s Chain Development Kit (CDK) and promises increased scalability and security. The zero-knowledge protocol allows one party to prove something is true without disclosing any information other than the fact that the claim is true. W-Pay offers a range of features, including swift and secure transactions, Ethereum virtual machine (EVM) compatibility, and Account Abstraction (AA). It enables card transactions up to a predetermined limit and supports the integration of dApps and non-custodial wallets with conventional payment rails. Wirex created the first payment card with crypto functionality in 2015 and has a customer base of over six million. It is a principal member of Visa and Mastercard. The launch of W-Pay comes amid difficulties with its card partner UAB PayrNet, which had its license revoked by Lithuania’s central bank in June.

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Information	Details
Geography	Europe
Countries	🇱🇹
Sentiment	neutral
Relevance Score	8
People	Wirex, Visa, UAB PayrNet, Mastercard, None
Companies	Wirex, Visa, Ethereum, Mastercard, Polygon
Currencies	mastercard, Ethereum, Bitcoin, Envision
Securities	None