Wirex and Tanssi announced the launch of a new appchain aimed at processing $20 billion in crypto payments annually. This partnership targets improving decentralized payments.
Goals of Wirex and Tanssi Partnership
Wirex and Tanssi aim to revolutionize crypto payments through the new appchain. This partnership signifies a technological shift with Tanssi's infrastructure enhancing Wirex's payment system. Dmitry Lazarichev, Co-founder of Wirex, emphasizes the importance of reducing reliance on third-party infrastructure.
Benefits for Bitcoin and Ethereum Transactions
Wirex expects that the appchain will increase throughput and reduce costs, benefiting Bitcoin, Ethereum, and major stablecoins. The project highlights the ongoing evolution of crypto payments and the focus on greater autonomy and regulatory compliance.
Comparison with Circle's Project and Its Impact on DeFi
The initiative is reminiscent of past integrations like Circle's USDC blockchain project, known for improving transaction speeds and lowering fees. Experts predict that the appchain will catalyze stablecoin interaction within DeFi, enhancing the capabilities of the crypto ecosystem. Such innovations often lead to broader adoption and market participation.
The Wirex and Tanssi partnership represents a strategic move towards improving crypto payments, offering infrastructure for autonomy and scalability. This can positively impact the market ecosystem and the adoption of cryptocurrency companies.
