Integrating with the Wirex Pay Payment API include non-custodial card issuance, which grants users complete control over their funds. Credit: Nuttapong punna/ Shutterstock.

Wirex Pay, the non-custodial payment network developed by Wirex, has announced the public release of its Payment API.  

This development will enable wallets, decentralised apps (dApps), and fintech platforms to integrate with Wirex Pay’s infrastructure.  

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The integration will allow these platforms to issue non-custodial cards and facilitate real-time stablecoin payments on a global scale. 

The Wirex Pay Payment API is leveraging blockchain technology alongside Visa‘s acceptance network, which includes over 80 million merchants across more than 200 countries.  

This collaboration aims to provide a seamless payment experience for users worldwide. 

Integration partners can now offer their users the ability to conduct transactions in stablecoins without the risks associated with custody.  

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This feature, coupled with the benefit of real-time transactions, eliminates the need for prefunding, thus reducing operational costs and enhancing payment processing efficiency. 

Integrating with the Wirex Pay Payment API include non-custodial card issuance, which grants users complete control over their funds .  

It also enables payments in any location where Visa is accepted, ensuring global reach. 

Additionally, API supports real-time stablecoin payments, ensuring fast transactions without the need for prefunding. 

Wirex Pay co-founder Pavel Matveev said: “Wirex Pay’s API marks a significant milestone in decentralising global payments. By offering public access, we are unlocking new possibilities for integration partners to build innovative payment solutions while empowering users with true financial independence.” 

In May this year, Wirex chose OpenPayd across the UK and the European Economic Area (EEA). 

OpenPayd will issue virtual International Bank Account Numbers (IBANs) to Wirex customers in these regions.