Regulated tokenised British Pound (GBP) now accessible to 6 million users through Wirex integration.

Regulated tokenised British Pound (GBP) now accessible to 6 million users through Wirex integration.

In a significant move towards modernizing payments and enhancing digital finance, Wirex has integrated tGBP (Tokenised British Pound) into its platform. This collaboration brings a fully backed, FCA-regulated digital pound on-chain, providing Wirex's global user base with access to a regulated, digital version of the British pound.

Benoit Marzouk, CEO of Tokenised GBP, expressed excitement about the partnership with Wirex. He noted that the partnership includes infrastructure integration across Wirex's enterprise-grade non-custodial stablecoin and banking platform, Wirex Pay.

The integration of tGBP supports faster, more efficient payments and increases trust by leveraging a stable, regulated digital asset. Users can now hold, transfer, and use the tGBP token within the Wirex ecosystem, effectively bridging traditional fiat currency and blockchain technology.

tGBP is fully backed by pound sterling and regulated by the UK’s Financial Conduct Authority (FCA), ensuring legal and custodial safeguards for users. This integration complements Wirex’s existing digital asset functionalities, such as the Wirex Token (WXT) rewards, by adding a regulated stablecoin option tied directly to GBP value.

The partnership aims to make tGBP easily accessible to millions of users worldwide. In fact, over six million users across 130+ countries can now access and transact with tGBP. Later this year, tGBP will be natively supported on WirexPayChain, Wirex’s proprietary zk-powered Layer 2 blockchain.

Tokenised GBP and Wirex are also exploring the launch of a fully branded card program, which would enable consumers and businesses worldwide to use tGBP-linked cards powered by Wirex Pay’s infrastructure. This collaboration aims to accelerate the mission of bringing regulated, transparent, and practical stablecoin infrastructure to businesses and consumers.

In summary, the integration of tGBP introduces a regulated, on-chain digital GBP for fast, compliant, and global use on the Wirex platform. This move expands fiat-crypto interoperability and enhances user payment options, supporting Wirex's broader strategy to modernize payments via Web3 technologies and increase payment efficiency for users interacting with digital finance.

[1] Wirex Press Release: [Link to Press Release] [2] Tokenised GBP Press Release: [Link to Press Release] [3] UK Financial Conduct Authority: [Link to FCA Registration] [4] TokenisedGBP.com: [Link to Website] [5] Wirex.com: [Link to Website]

1. The integration of tGBP (Tokenised British Pound) on Wirex's platform will enable users to hold, transfer, and use this regulated digital pound within the Wirex ecosystem, combining traditional fiat currency with blockchain technology. (tGBP, Wirex, blockchain technology, hold, transfer, use)
2. As a part of the collaboration between Tokenised GBP and Wirex, they are examining the possibility of launching a fully branded card program, allowing consumers and businesses worldwide to utilize tGBP-linked cards powered by Wirex Pay's infrastructure. (Tokenised GBP, Wirex, card program, consumers, businesses, worldwide, tGBP-linked cards, Wirex Pay's infrastructure)

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