Wirex Launches Stablecoin Neobank 'Wirex One' via Arc Blockchain
Wirex has launched its new consumer platform, Wirex One, as the first stablecoin neobank tailored for mass affluent individuals. The service is now publicly available after a successful closed beta with over 20,000 users and operates on the Arc blockchain's mainnet. This partnership allows Wirex to offer private banking services such as spending, yield generation, transfers, borrowing, and investing from one platform. Wirex One addresses an underserved market segment—those too wealthy for retail banks but below traditional private banking thresholds. The global private banking sector is expected to grow significantly in the coming years, with stablecoins offering a solution that bridges this gap by enabling secure, borderless wealth management. Arc was selected due to its optimized design and real-time settlement capabilities. The platform features include high cashback rewards on card spending, multi-currency support, fee-free international transactions, yield opportunities for crypto assets, and an innovative membership model with tiered benefits.
Topics: blockchain integration neobank private banking stablecoin