VardexPay Wallet Debuts in Eastern Europe

On 22 May, the custodial web wallet VardexPay was launched, serving users in the CIS, Europe and East Asia. This was reported in the project’s official press release.

VardexPay supports 12 popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB) and Tether (USDT TRC-20).

Users of the service can deposit and withdraw fiat currencies using bank cards, SWIFT and SEPA transfers, e-wallets such as QIWI (RU, KZ, UZ), Payme, YooMoney, Elsom, PhonePe and Papara.

As of publication, clients have access to transactions in US dollars, euros, Russian rubles, Indian rupees and Turkish lira. In the near future, the project will add support for the Ukrainian hryvnia, Kazakh tenge, and Azerbaijani manat.

VardexPay enables mass payouts, stores up to $5,000 in cryptocurrencies and fiat without verification, and can convert funds at no cost.

“Our goal is to simplify the payment process for users in Europe and the CIS. At the same time, one of VardexPay’s principles is the refinancing of money: we actively work with cryptocurrency, perform exchange operations and transactions. This allows us to better understand users’ needs and offer them the most effective solutions,” Vladislav Schmidt, CEO of VardexPay, commented.

Registration requires email verification. The email address can later be used to recover access.

The project raised $20 million in its first funding round and underwent PCI DSS certification for the security of its financial infrastructure and authentication data.

Earlier, the hype around BRC-20 tokens led to higher Bitcoin miners’ earnings.