Rewards and entry to DeFi
Rewards offered by Wirex encourage ongoing engagement with the Wirex ecosystem and form a powerful retention tool. In addition to Cryptoback™ rewards, Wirex offers interest bonus payments on users’ WXT balances. These payments can be issued for a variety of actions in-app including as a reward for high-yield interest bearing accounts, called X-Accounts. WXT, Wirex’s native token, plays an integral role in rewarding users as well as offering forms of interest payment in X-accounts. X-Accounts can be considered a mainstream CeFi wallet that offers access to DeFi benefits - account holders can earn interest payments from staking cryptocurrencies and stablecoins. Fiat currencies may also earn interest payments, within the scope of the financial regulations and licences that Wirex observes.