Wirex One Brings Private Banking to Mass Affluent Consumers on Arc Mainnet

Wirex One, the first stablecoin neobank built for mass affluent consumers, has launched on Arc's mainnet. The platform brings a private banking experience with true asset ownership to users globally.

The launch is the result of Wirex's integration with Arc, an open blockchain network built for financial markets. Over 20,000 users tested Wirex One during its closed beta since June.

A key feature of Wirex One is a stablecoin-funded card with up to 8% cashback in USD, instantly spendable in everyday life. Users can access selected crypto and stablecoin yield features, support multiple currencies, and send/receive funds via various methods.

Pavel Matveev, Co-Founder & CEO of Wirex, said: 'A new wave of fintech apps are being built on stablecoin rails... Wirex One is our own consumer platform built on that infrastructure.'

The announcement marks a major milestone in Wirex's vision to build a unified, onchain suite of financial services for consumers and businesses.