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Articleblog.crossmint.comConnor Dempsey7mo ago

How Wirex is Building the Future of Banking with Crossmint Smart Wallets

Wirex, a UK-based digital payments platform, partnered with Crossmint to upgrade from EOAs to smart wallets for global scalability. This enables programmable governance, multichain support including Stellar, and flexible custody models. The shift reduces vendor lock-in and accelerates product launches across retail and institutional offerings.

WalletsPaymentsFintech
Lumen Loop's take

Wirex, serving over 6 million customers with $20B in transaction volume, transitioned from EOAs to Crossmint's smart contract vaults to overcome limitations in security, programmability, and multichain operations. EOAs lacked native controls for multi-sig, transaction limits, and custom logic, creating bottlenecks for advanced fintech products. Crossmint provides stable wallet addresses, rotatable signers, and unified infrastructure across 50+ chains including Stellar, EVM, and Solana. This embeds onchain governance, compliance policies, and features like gas sponsorship directly at the wallet layer. Wirex achieves vendor consolidation, no lock-in, and faster market entry while delivering seamless UX with passkey logins. The partnership supports evolving custody models without user migrations and powers new products like yield and card programs.

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