Wirex, the fiat/crypto payments platform, has integrated 1inch’s functionality to make token exchange more efficient.
Wirex Integrates 1inch Aggregation API
By implementing the 1inch Aggregation API, the payments platform will be able to provide its users with a more optimal token exchange service. In fact, the DEX aggregator API will allow users to find the best exchange rates offered by the various decentralized exchanges in real time.
The new collaboration, marks a step toward mass adoption, easing access to the world of cryptocurrencies, especially for less experienced users.
In addition to improving the fiat-crypto conversion experience, Wirex will offer the best exchange rates on the market for swapping between cryptocurrencies.
All of this is possible thanks to 1inch’s Pathfinder, a complex algorithm that allows it to find the best “path” for the swap by analyzing liquidity pools and exchange rates for crypto pairs offered by leading DEXs, which can finalize the transaction in the most efficient way possible.
This kind of functionality allows even newcomers to more easily access the different areas powered by blockchain, such as decentralized finance. New users will thus be able to enjoy the innovative financial tools offered by the sector that first developed from this disruptive technology.
Statements and comments from the representatives of the two entities
Speaking of this important partnership for the evolution of the cryptocurrency world, Sergej Kunz, co-founder of 1inch Network, says:
“The Wirex integration is a natural step for 1inch, which always strives for universal application and mass adoption of its products and solutions. And Wirex is one of the crypto space’s leaders in terms of tech advancement and user base”.
He then adds:
“This partnership will certainly benefit the Wirex community, enabling users to swap their tokens at the best available rates on multiple blockchains”.
At the other end of the partnership, Pavel Matveev, CEO and co-founder of Wirex, concludes:
“The 1inch Aggregation API will allow users to have even easier access to the benefits of DeFi. Now users can comfortably and profitably swap multiple tokens, saving substantial amounts of money and time”.