Wirex Adds Ethereum Wallet For Easy Cryptocurrency Exchange For 1.8 Million Users

Just after the successful launch of its XRP wallet, Wirex has decided to also launch an Ethereum wallet for their 1.8 million clients together with a suite of services. The co-founder of the company, Pavel Matveev, affirmed that it is important to include Ethereum on the platform as it is the second highest-value cryptocurrency market.

Wirex is a software that can be used to make seamless exchanges of cryptocurrencies and it allows users to buy and sell tokens or to spend the money using the Wirex Visa Payment card.

Implementing Ethereum

According to the other co-founder of Wirex, Dmity Lazarichev, Ethereum stands out when compared to other currencies because it is an entirely different protocol to Bitcoin. You can use it to send money but also to use smart contracts, which are a very relevant technology. They have the effect of eliminating the middlemen from contracts and can result in positive savings for the consumer.

This is one of the main reasons why the company decided to adopt the Ethereum token, as it is highly appealing for crypto users and an Ethereum wallet can provide the company with access to a stable and important token.

Matveev has also affirmed that the company is pleased to offer such a popular cryptocurrency just after the launch of the Ripple wallet and that the growth of the product will continue and that the company will offer even better products in the future.

To celebrate the launch of the Ethereum wallet, the company has donated 20 ETH to a charity that will be chosen by the clients. They will be able to vote on the charity until September 11 and the winner will be randomly decided on September 14. This donation will be made via a partner called CryptoDisrupt.

About Ethereum

Ethereum was created back in 2014 after a $18 million USD Initial Coin Offering (ICO). The platform was created by some people including the famous Russian-Canadian Vitalik Buterin, which was known for being such a young programmer. He used to be a crypto writer and earned from 3 to 5 BTC per project, which he used to finance the project.

Buterin made a partnership in 2012 to co-found the Bitcoin Magazine together with Mihai Alisie. He always was an enthusiast of decentralized technologies and felt that Bitcoin was a limited technology. After studying it for years, he published the Ethereum white paper in 2013 and proposed its creation.

Ethereum was to be a “decentralized platform that runs smart contracts”, a second generation of the blockchain technology and, therefore, an upgraded version of Bitcoin.

The network has grown a lot in popularity recently and it turned into the second largest cryptocurrency platform in the world. The Enterprise Ethereum Alliance was founded last year as a way to connect companies that use this technology, which is a statement of how just powerful ETH has become since its inception by Buterin.