On 4th September, Wirex, a platform for users to manage digital assets as well as traditional currency announced its support for the 2nd largest cryptocurrency, Ethereum [ETH]. Ethereum has been added to the Wirex portfolio of cryptocurrencies and an Ethereum wallet for the same will be available for the users.
Currently, the users can convert their ETH to GBP, EUR and USD for in-store spending or paying online via Wirex payment card. Wirex, in its official announcement also wrote about the new things that can be done with the ETH wallet on its platform. Some of them are, selling, exchanging and depositing ETH via the app, exchanging altcoins and initiating free cryptocurrency transactions among Wirex users.
Additionally, the blog discussed Ethereum’s defining feature, smart contracts, stating that they facilitate developers to create and run decentralized applications. Smart contracts self-execute themselves distinguishing themselves from the traditional contracts.
Subsequently, Wirex mentioned Decentralized Autonomous Organizations [DAO] that are backed by smart contracts on blockchains similar to Ethereum. The DAO, as called by the community, was developed as a venture capital arm for the decentralized cryptocurrency space. However, it faced a loss of about 3.6 million ETH [=$70 million, then] during a hacking attack in June 2016.
The Ethereum blockchain is also associated with an alliance called the Enterprise Ethereum Alliance [EEA], which was formed as a way of networking for industry institutions such as startups, academia, technology vendors and even Fortune 500 companies. Some of the big companies involved in this alliance are CME Group, Infosys, Ernst & Young. Intel, J.P.Morgan, Shell, Accenture, among others.
The aim of the EEA was to work on the cost for local customers, introduce interoperability into the ecosystem, launch support from multiple vendors and suchlike.
A Twitter handle named Chocolate Lover, who is also a Wirex and ETH user on the announcement commented:
“Not showing in the app yet. Any idea when it will be live?”
To support the query, Wirex replied suggesting a solution. It said:
“Have you tried refreshing your App updates? It comes up after you scroll your finger down from the top to refresh. Hope that helps!”
The thread continued when the same user replied back, stating:
“Not sure if you mean when in the Play store or in the app itself but I have tried both and I can’t swipe down, or at least when I do nothing happens.”
Post this, the two parties took to direct messaging as mentioned in the comments.
Subscribe to AMBCrypto’s Newsletter
Facebook Coin’s plan to overhaul the US Dollar falls short of conviction
WaykiChain [WICC], Blockchain Industry Delegate, with over 150 Top Global Firms Attends China Development Forum [CDF] 2019
Ripple’s class-action lawsuit takes a step further as court sets schedule for next year
BitMart Labs Hosts China Digital Economy Global Innovation Forum, Dedicated to Boosting China’s Blockchain Market
SimpleFX Presents New Features for Traders: Trading Ideas, Multicharts, and Live Widgets
Flash hike: Qtum skyrockets by over 36% in 1-hour after Apple Pay & Samsung Pay announcement
Craig Wright’s Twitter account suspended after threatening harassment and libel lawsuits
Qtum partnership with Zeus enables users to trade cryptocurrency on Apple Pay, Samsung Pay
Bitcoin Cash [BCH] developers introduce privacy-protecting lightweight protocol, Neutrino
Bitcoin Cash [BCH] Price Analysis: Bears return as market correction precipitates decline
Bitcoin [BTC]: Dubai gets its first ATM; users can acquire BTC using any fiat currency
- Press Release
Blockchain technology in the Utilities and Energy Market explored at the Blockchain Expo London
CFTC Commissioner: Regulated cryptocurrency market could attract institutional investors
Stellar and IBM’s World Wire gets another boost as MatchMove joins service