Self-custodial wallet provider, Exodus, has selected global paytech Worldpay to help it bring a native checkout experience to its users by launching a new solution enabling consumers to purchase cryptocurrencies directly within a self-custodial wallet.
Through the launch of XOPay, Exodus is enabling consumers to use a credit or debit card to buy crypto within a self-custodial wallet, a cryptocurrency wallet where the owner of those assets has full control over private keys, granting full access to them without an intermediary.
Nabil Manji, head of fintech growth and financial partnerships at Worldpay
“Part of making the world of cryptocurrencies and digital assets more accessible to people everywhere is also ensuring the process is simple, secure and as frictionless as possible, which is why we are excited about this work with Exodus,” explained Nabil Manji, head of fintech growth and financial partnerships at Worldpay. “Worldpay’s card payments capabilities for crypto purchases have been making it easier for consumers to buy their favourite assets for more than a decade, and companies like Exodus are working to empower consumers to protect their assets through self-custody. Meanwhile, Exodus’s customers will enjoy even easier ways to buy Bitcoin and other cryptocurrencies directly within their own wallets.”
Omaha-based Exodus launched in 2015 to offer people a secure way to hold their digital assets, including cryptocurrencies, offline from exchanges. Now, more than five million users use credit or debit cards to purchase digital assets directly within their wallet on the Exodus platform.
More plans in the works
Exodus’ new capability enhances and simplifies the buying experience by making it possible to natively buy and hold cryptocurrencies within a single wallet platform.
“Our number one focus is on delivering the best customer experience in the market, which is why we wanted to work with Worldpay to bring this critical feature to our platform,” added JP Richardson, CEO at Exodus. “Worldpay’s dedication to security and seamlessness aligns with our mission to make our platform safe, reliable and trusted by our customers. We couldn’t be happier to be the first self-custodial wallet to enable native card payments directly embedded in our platform by working with Worldpay.”
Alongside card-based payments, Exodus will be tapping into Worldpay’s flagship fraud detection and prevention solution, FraudSight, which can reduce fraud while enhancing authorisation rates. Credit and debit card purchases are available to Exodus customers in the US, with plans to expand to further geographies in the coming months.
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