Wirex and Cenit partner to strengthen WXT

Credit: Shutterstock
Credit: Shutterstock

Wirex has announced a partnership with Cenit Finance, a tokenomics simulation company, to refine and scale its native utility token WXT.

The collaboration leverages Wirex’s recently revealed strategic pillars for Web3 to strengthen WXT’s economic structure, with a focus on stability and growth. The goal aligns with Wirex’s vision to offer smooth, secure, and efficient payment methods, including a dual-mode card that connects traditional finance with digital currencies.

Wirex will use Cenit Finance’s simulation platform to test and enhance WXT tokenomics in achieving its aim to develop a community engagement inclusive and interactive model. 

“We are excited to work with Cenit Finance to enhance our tokenomics, ensuring that WXT remains at the forefront of the Web3 revolution,” said Pavel Matveev, CEO and Co-Founder of Wirex. “This partnership will contribute to our mission of making digital currencies accessible to all.”

The crypto company has been recently active in its attempts to evolve and grow its services through several announcements and launches. 

One of those being the launch of the Wirex Dual-Mode card, which seeks to combine the reliability of traditional financial systems with DeFi to provide customers with more flexibility over their funds. 

Additionally, the company recently partnered with Transact Payments to bolster its card offerings across Europe, online and in-store.