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Following the launch of XRP, Wirex has delighted its 1.8 million customers once again by adding an Ethereum portfolio to its suite of services. "Ethereum is the second highest value cryptocurrency after Bitcoin and its inclusion on our platform marks an important step for Wirex users," says Pavel Matveev, co-founder.
Wirex facilitates the seamless exchange of Ethereum with other cryptocurrencies as allowing users to buy, sell and spend both fiat and cryptos instantly via the Visa Wirex payment card. *
Ethereum – Smarter than your average encryption
Dmitry Lazarichev, co-founder of Wirex, says,
"Ethereum stands out from other cryptocurrencies because, although it is a digital currency, it has a completely different protocol than Bitcoin: In addition to using Ether to transfer money, it allows you to execute smart contracts.These intelligent contracts will have the effect of finally eliminating the intermediary from contracts, with consequent savings for the consumer ".
The underlying usefulness of Ethereum is what makes it so appealing to cryptic enthusiasts. The addition of the Ethereum portfolio gives Wirex users access to a stable and innovative environment.
Ethereum was launched in 2014 at a cost of 18 million dollars. Its creator, the Russian-Canadian Vitalik Buterin, was a young programmer and prolific writer on the topic of cryptocurrencies and blockchains. It was paid in BTC – between three and five BTCs per article – and it financed its projects with these gains.
In 2012, Buterin co-founded Bitcoin Magazine with fellow parrot Mihai Alisie. Buterin believed that "decentralized technologies [were] were a natural choice for many types of applications with a central controller", but believed that the Bitcoin blockchain was limited. He studied the architecture of existing blockchain applications and conceived the idea for Ethereum.
The Ethereum white paper was released at the end of 2013 and proposed "a decentralized platform that manages smart contracts". He boasted the functionality of the Bitcoin blockchain but with wider functionality. Ethereum represents the second generation of blockchain technology. Recognizing the vulnerabilities of storing information online, it has produced solutions that have fascinated both investors and institutions.
The popularity of Ethereum was driven by the support of large companies that saw the value of the intelligent contract protocol. A group called the Enterprise Ethereum Alliance (EEA) was founded last year with the goal of connecting large companies to technology providers to facilitate projects using the blockchain.
The list of members is impressive, including a significant number of Fortune 500 companies. This alliance has added much legitimacy to Ethereum and to cryptocurrencies as a whole.
Ethereum can be spent, bought and sold on the Wirex platform like the other encrypted ones (Litecoin, XRP and Bitcoin) and should be a welcome addition to the Wirex suite of fiat and criptovalute.
Matveev concludes,
"We are delighted to be able to offer this popular cryptography, but the growth of our product does not stop there, we have some interesting new services and the newly earned FCA e-money license has opened doors to other products and locations in the near future.
To celebrate the launch of the ETH portfolio, Wirex has worked with CryptoDisrupt to donate 20ETH to a charity chosen by the cryptocurrency community, crypto enthusiasts can nominate an association charity of their choice by September 11, the winning charity will be randomly selected on September 14
* Available only to EEA users
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