The nascent years of Web 3.0 will likely be marked by a technological and innovation gap between companies that wish to offer DeFi services and their ability to provide them using existing legacy platforms. Offering tech-as-a-service is an opportunity for Wirex to utilise our existing, immediately viable infrastructure to meet this demand. Initial white label propositions will include co-branded and customisable crypto-friendly debit cards, customised rewards (e.g. cashback), high-yield crypto accounts (white label X-Accounts) and crypto / fiat wallets. Such infrastructure may lead to additional service-led support, further strengthening future white label partnerships.
White labelling products like this enhances Wirex’s vision of widening DeFi accessibility, while simultaneously improving its financial position with new revenue streams.