Wirex (WXT Token) Review

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00:00Welcome back to Decentralized News, the home of the latest and best in blockchain and digital

00:06assets. And today we are looking at Wirex token. WXT is the token ticker. Currently, you can find

00:14this token available to trade on different marketplaces, including OKEx, KuCoin, Wabi

00:21Global, GateIO, Uniswap V3. So WXT is a unique multi-blockchain cryptocurrency that powers the

00:30XTRAZ rewards program, according to the documentation by this project. WXT is supposed

00:38to be built on the Stellar Network and Ethereum blockchain for maximum speed, efficiency and

00:43flexibility. WXT is designed to both help reward Wirex customers for their loyalty and integrate

00:50the platform with the new generation of DeFi ecosystems. And Wirex says that you can earn

00:57up to 4% back in WXT every time you use their Wirex cards in-store or online or up to 12%

01:08annually on the balance of your WXT account with the savings bonus feature. Like I said,

01:16it's available on some major exchanges, KuCoin or KX, Wabi, GateIO, all of which you can find

01:23clear reviews of these platforms on our main site, Decentralized.News. Give us a like and a

01:29subscribe. So Wirex, according to their site, say they are on a mission to make cryptocurrency

01:33more accessible and available to everyone. Open an account for free in a matter of minutes

01:38and it will give you access to a wide variety of crypto traditional currencies in the palm

01:43of your hands with unbeatable OTC exchange rates, DeFi, powered earning and next generation

01:50rewards. A lot of promises. So apparently available in 130 countries and with over 4.5 million customers

02:00already trading some traditional plus cryptocurrencies that are numbers of 150 types, billions of dollars

02:08within transactions already and 24-7 hour support. So multi-currency Wirex card is supposed to help you

02:19spend your crypto in fiat currencies wherever you can have access to paying for your transactions with

02:26Visa or Mastercard with a real-time conversion at any point of sale and instant crypto rewards as well.

02:34So these next generation awards, like they did promise, they say that you would never find rewards like this.

02:40Crypto-backed rewards pay up to 2% in WXT every time you use your Wirex card in-store or online.

02:48Zero exchange fees according to what they claim instantly. You can switch between your crypto and traditional

02:54currency with over-the-counter and interbank rates with zero fees and up to 3% savings compared to their

03:02competition. They say that they have high limits and no fees. You can discover free ATM withdrawals up to

03:08$400 per month, unlimited spending and no monthly maintenance fees. And, you know, they also have

03:16unlimited fee-free Forex too. And according to them, you know, it's very easy to get started. You can get

03:23started in seconds. They have flexible price plans. And yeah, go to wirexapp.com and check these guys

03:34out. I currently do not have an account with them myself, but it is a project that I did notice does

03:42have a token associated with it. And it is pushing things within this loyalty rewards space, which I feel

03:49is a big market for a lot of crypto companies in the future, especially those that are dealing with

03:55microtransactions. I currently at the moment use Centbee Wallet a lot, which is on the BSV blockchain.

04:02And I can shop for airtime, buy movie tickets, pay for pretty much anything, flowers, whatever I want.

04:12You know, I've got hundreds of merchants. I'm able to pay for my purchases with using BSV and get instant

04:20rewards back, which is a great thing. I like to experiment with these types of platforms that have

04:26great utility because I think it will show you where the power of peer-to-peer transactions that are done

04:32on a micro scale on scalable blockchains will be able to do something that is not, you know,

04:39a use case for something that we would hold as a store of value, like BTC, for example, that we all do have

04:47in our portfolios if you are already in this game and you believe in the power of that use case in itself,

04:55especially in a highly inflationary environment that we are in. So I like to look at companies and projects

05:03that have sort of things that merge with the real world in terms of just integrating crypto and

05:09the real world applications in a very seamless manner. YRX seems to be doing that. The token is very, very

05:15cheap at the moment, according to, you know, what it is trading currently at some 0.0 something fractions of a penny.

05:23So I'm not going to go in, but definitely going to be looking out at what these guys are going to do

05:30going forward. And I hope and I wish them luck. Let me know what other projects you'd like us to check out on this channel.

05:37Don't forget to check out the links in the description to my books, Tokenize Trillions, Blockchain Applied,

05:41and also like, share, subscribe, turn on the notification bell. I will be seeing you in the next video. Peace.

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