HomeCryptoNew partnership between 1inch and Wirex

New partnership between 1inch and Wirex

Wirex, the fiat/crypto payments platform, has integrated 1inch’s functionality to make token exchange more efficient. 

Wirex Integrates 1inch Aggregation API

The new partnership will give greater accessibility to the crypto world

1inch, the aggregator of the best exchange rates from major exchanges, has just announced a partnership with Wirex.

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. 

This type of functionality is available for several blockchains, including Ethereum, Avalanche, Polygon, BNB Chain and Fantom

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

The 1inch Aggregation API will be added to Wirex’s non-custodial wallet, enabling a better experience in the crypto and DeFi world.

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”.

Eliano Martellucci
Eliano Martellucci
Eliano has a bachelor's degree in Economics and Business Administration and is about to complete his master's studies in Finance at the University of Trento (UNITN). He got hooked on the crypto and blockchain world during the summer of 2017 and has not left it since then. He currently works as editor & SEO specialist at Cryptonomist, writes articles and invests, both in Blue Chip and early stage assets. Furthermore, he is working on his latest thesis project entitled: "A Study on crypto market Sentiment Analysis through Machine Learning algorithms in python."