Wirex R&D Europe

16/08/2022

Large corporations continue investing extensively in the fintech market as consumers' trust in traditional financial services decreases.

How will fintech change the world in the future? We suggest several predictions in our publication for Vector ⬇️

1️⃣ Transformation and change will become a priority for companies willing to stay afloat in five years and beyond. Automated systems that execute trading algorithms are already in place, changing the role of humans.

2️⃣ Many fintech companies will reassess their business model and would evolve as data procession and data supply businesses providing payment and other financial services. This evolution is necessary to stand out in the eyes of investors and win the market.

3️⃣ Fintech companies focusing on ESG will grow since environmental challenges have pushed everyone to reconsider values and attitudes towards production and resource usage.

4️⃣Innovations in the fintech industry will be driven by cryptocurrency and blockchain technologies. Solutions utilized for financial exchanges before are now applied in fintech.

5️⃣ Fluctuations of cryptocurrencies cannot be avoided. But the leading cryptos will 'live' a long time, gradually entering everyday circulation of money and assets, just like the hryvnia or the dollar - and our ambition at Wirex is to make this transition smooth and convenient.

6️⃣ Blockchain accelerates progress towards a transparent financial ecosystem, while traditional banking is where many risks lie. A typical example is a unilateral change of a contract with a client. Web3 eliminates or at least decreases this and other risks, building trust.

Fintech is a state-of-the-art industry that uses the latest data procession and regulation technologies. We are sure that fintech is a vital part and a steady element of the rapidly reshaping future of finance.

10/08/2022

The total worth of all cryptos is down to $900bn from an all-time high of $3tn. The market is waiting for the 'crypto winter' - but how cold will it be?

Ruslan Kolodyazhnyi, CTO at Wirex, shared his latest thoughts on this matter with Sifted, the media backed by Financial Times.

◾️The basic rule that we follow is to prepare for the worst. Thanks to this approach, our company could survive all previous crises.

▫️When the Terra stablecoin with an $18 billion cap collapsed in June, we immediately removed it from our platform so investors wouldn't lose money.

◾️Last year, many startups overestimated their potential, forcing them to announce mass layoffs. In contrast, we plan to expand our team from 400 to 600 people by the end of the year.

▫️The crisis prevented investors from blindly trusting the hyped crypto and taught them to pay more attention to the company's financial indicators and the number of customers. That's why we focused on how users interact with the product rather than how much buzz it gets.

Eager to know how to turn a crisis into an opportunity?
Check our latest article: https://sifted.eu/articles/crypto-winter-is-coming

05/08/2022

The difference between ordinary and extraordinary is that little 'extra,' right?

Our passion for solving challenges is that little 'extra' that sets all of us at Wirex R&D apart and makes our projects thrive in such a broad market. So how exactly do our ways of working differ from those of other companies?

◾️Microservice architecture
This approach allows developers to be independent and quickly scale the product, preventing problems with the load. Each team creates its part, say a piece of the complete product - the Wirex App or the Wirex Wallet.

▫️The new technologies
Blockchain, for example, develops in real time, and the necessary solution may not even exist, preventing us from implementing a brand-new feature. Thus, we are curious to create such solutions ourselves.

◾️The pace
We tend to deploy over 60 releases in just a month. Our teams set this dynamic pace to reach the best possible results without spending years. We have a lot more to achieve, don't we?

03/08/2022

Who is the most important person in the room? Newcomer!

At Wirex, we have a special recipe for onboarding new team members. Our People Partner, Inna Chipak, shares a few secrets and subtleties:

1️⃣First and foremost, we want to ensure that the newcomer feels welcomed. That’s why we inform all involved parties about the upcoming onboarding, and of course, we send an introductory letter to our new teammate.

2️⃣ The first day is an acquaintance day with a primary focus on providing general information about the company and the product, raising awareness of processes and policies, and exchanging expectations. And you may wonder why there is no time for tasks on the first day.

3️⃣ Well, the first-day schedule is busy enough with:
- Setting up equipment with a Help Desk agent or system administrator
- Meeting with People Partner
- ‘Welcome to Wirex’ training
- Lunch 😉
- Consultation meeting with the accountant
- Introductory courses on the e-learning platform
- Get-to-know meeting with Team Lead
- Wrap-up meeting with People Partner

4️⃣ We keep in touch constantly with our team members to ensure the onboarding process goes smoothly during the first three months of the motivational period.

This very approach helped us to withstand the test of the pandemic and war 🙏

27/07/2022

How improve the safety of the product and clients' money? - the question on our daily agenda at Wirex and, at the same time, our major priority as a fintech company.

Our Head of Enterprise Infrastructure, Oleksii Mikov, explains in his latest article how our partner, the security service ZeroFox, helps fight fraud and social engineering to make Wirex even safer.

Oleksii provided insight into:
🔸 the fraudulent schemes used by cybercriminals to seize users' funds;
🔸 how does ZeroFox enable threat tracking and expose the Wirex website's harmful duplicates?

Discover what's behind the scenes of cybersecurity at Wirex 😉
https://bit.ly/3PM6fou

25/07/2022

We are looking for an experienced Senior .NET Back End Developer – to join our trailblazing team in developing a cutting-edge FinTech project ⚡️

Our ideal candidate:
✔️ has 4+ years of .NET/C # software development experience;
✔️ knows .Net Core 3.1 and above and Web.API, Multithreading, Entity Framework technologies;
✔️ has experience working with MSSQL databases, Redis, and cloud environments;
✔️ has profound knowledge of software development principles and methodology (OOP, SOLID, CQRS, Microservices, Actor Model, Design patterns).

Being a part of the Wirex R&D team means having a flexible work schedule, extended health insurance, annual bonuses in crypto 📈 And, of course, fascinating projects at your fingertips!

Find out more: https://bit.ly/3RPSua6

20/07/2022

Wirex R&D has a tradition: quarterly Q&A sessions, where every wirexer can get answers for any questions from our CTO and Head of R&D, Ruslan Kolodyazhny.

What news did Ruslan share?

🚀 General news
The number of Wirex R&D centers continues to grow. Currently, there are hubs in Kyiv, Lviv, and Wroclaw, but there are going to be more of them conquering European countries in the nearest future. Besides, there are now 300 of us at Wirex R&D! 300 real professionals who create global fintech products.

🚀 Product news
— Few of our current priorities are the improvement of Customer Journey and user onboarding processes. They influence the level of our users' activity, the main indicator of how successful our product is. Despite the current value of cryptocurrencies, the number of transactions within the system is crucial.

— We implemented the crypto crediting in Wirex App - a new feature for those who have loads of cryptocurrency and want to make profit out of it instead of selling it at low price.

— We implemented a new signature in the non-custodial product Wirex Wallet. Only a few crypto wallets have such a feature, so Wirex users keep being one step ahead. In addition, we continue integrating Wirex Wallet and Wirex App in order to foster a cross-platform interaction.

🚀 Social news
After the beginning of the russian full-scale invasion into Ukraine the safety of Ukrainians and our victory has become the company's main priority. So we have invested nearly 120 000 EUR in purchasing equipment and technologies and sent them to different funds. And we are going to continue doing it.

Join our team and become part of the development of fintech history!

19/07/2022

Wirex R&D centers have unique characteristics, where high-performance culture mixes with outstanding ambitions. We've got a strong market player reputation and the spirit of rapid changes for the better.

Our 300 extraordinary professionals in Ukraine and Poland create products for more than 5 million people around the globe and move the fintech industry forward. We are the heart of the British company Wirex, beating to the rhythm of advanced technologies.

We are constantly growing, improving, and updating our approach. Therefore, today we are glad to start a new era of sense and visual forms harmoniously embodied in branding. We look bright, noticeable, and defiant – exactly how we feel. And we like it 😎

Wirex R&D is a team of passionate experts with great experience and a high level of empathy. Join us – for sure, that will be interesting 😉

14/07/2022

We are looking for Solidity Engineers to bring digital currencies into the real world. It is difficult to find such professionals, as roughly 500 are all over Ukraine, but we are not taking shortcuts.

If you:
- preferably have switched from back-end NodeJS/.Net to Solidity
- have good fintech domain skills
- demonstrate interest and expertise in the world of finance
- know how to make the product reliable and secured
then why aren’t you writing to us yet?

The advantages of working for Wirex:
- long-term cooperation with a well-known global company.
- an opportunity to implement your ideas in the product.
- annual bonuses in crypto.
- the team that is passionate about their job

Join us! You will find more information about Wirex and the vacancy by clicking here:

Tell about the company’s main products and people who are involved.

04/07/2022

Day by day, our Wirex team is plunging deeper and deeper into the innovative meta world, and we're inviting you to step into the future.

What the Web 3.0 era is, why it is of great importance to promote widespread use of digital solutions and what business owners should get ready? Some of the topics we have covered in a new article by our Chief Technology Officer and Head of R&D, Ruslan Kolodyazhnyi.

You will also find information on the following:
- trends for financial services
- the role that Wirex plays in the world of DeFi
- Nereus lending protocol
- advantages of the combined ecosystem of DeFi and CeFi

Click here to read more information:

Przygotuj się już dziś na wyzwania przyszłości: O tym, dlaczego powinniśmy wejść do świata metaverse, mówi dyrektor ds. technologii w firmie Wirex.

28/06/2022

Wirex token turns 3 years old.

WXT is still very young but very, very ambitious. And it already has its own success history:

- June 2019: WXT pre-sale ended in just 15 minutes;

- July 2019: the world saw the token through Initial Exchange Offering (IEO);

- March 2021: the launch of X-tras, a reward programme with payments in WXT;

- June 2021: 20% of tokens migrated to Ethereum blockchain, opening DeFi for Wirex clients;

- February 2022: WXT started to be supported in Avalanche blockchain.

And this is just the beginning! We don't stop there and strive for the better.

27/06/2022

How to invest without risks?
What is leverage, and is it possible to buy Bitcoin for $100? ⁣⠀
⁣⠀
Artem Topol, a System Product Owner at Wirex RnD, answers these questions during an in-company lecture: "A modern outlook on investment, DeFi and cryptocurrencies. Things you won't find in the FAQs".⁣⁣ ⠀
⁣⠀
Artem is working on new blockchain products at Wirex. He's a professional trader with omnifarious knowledge about the financial market. The lecture turned out to be rich in information and very useful, thanks to a large number of fascinating questions from the team.
⁣⠀
Click to check the insights from the lecture