Wirex, a crypto wallet, and payment app announced its first corporate partnership with the blockchain-powered ‘piggy-wallet’, Pigzbe (WLO). The partnership will see Wirex list Pigzbe’s native WLO token alongside its existing Bitcoin, Litecoin, Ethereum, and XRP wallets. In turn, Wollo holders will be able to buy, store, exchange and spend WLO through the existing Wirex app and Visa card.
Pigzbe was designed to reinvent pocket money for a new generation. The part physical, part digital ‘piggy-wallet’ runs on Wollo (WLO), Pigzbe’s family-friendly cryptocurrency and is designed to introduce children age 6+ to modern money management while teaching them good financial habits in a secure setting.
Wirex currently provides a debit card that links to user crypto wallets in Europe, allowing them to convert and spend their crypto-assets in shops, bars, restaurants or on public transport and this year received an FCA e-money license. Already working in Europe, the company recently announced plans to expand its card offering into the US.
Pavel Matveev, Co-founder, and CEO of Wirex, said: “Our relationship with Pigzbe paves the way for novel crypto and blockchain product partnerships and cements London’s status as a key innovation hub. Equally as important, however, is the incorporation of pioneering technologies to educate and inform the next generation about the benefits of money management and the future of finance.”
Pigzbe Founder, CEO and Forbes 30 Under 30 entrepreneur Filippo Yacob, said: “Pigzbe is a project that has the power to drive mass adoption. We’re excited by the prospect of having millions of children growing up with Wollo as the first cryptocurrency they encounter in their lives. Central to our vision at Pigzbe the realization of millions of children and families being able to use their Wollo coins in the real world – our partnership with Wirex will deliver this.”