# Wayex

> Wayex is a Sydney-based fintech that lets people hold a single US dollar balance, fund it with bank transfers or stablecoins, and spend it worldwide on a Visa card. Founded in 2018 as CryptoSpend by two University of Technology Sydney students, it issued Australia's first crypto-linked Visa card in 2021, rebranded to Wayex in 2024, and in 2025 launched Wayex Global across 160+ countries. The platform supports USDC, USDT, DAI and PYUSD across 10+ blockchains, pays yield on stablecoin balances, and processes conversions in real time at checkout.

- **Founded:** 2018
- **Headquarters:** Sydney, New South Wales, Australia
- **Founders:** Andrew Grech (Co-Founder & CEO), Richard Voice (Co-Founder)
- **Team size:** ~15 employees
- **Products:** Wayex Stablecoin Visa Card, Wayex Global USD Account, Multi-chain Stablecoin Deposits, Embedded Yield, Wayex Mobile App
- **Notable:** Issued Australia's first crypto-linked Visa card (2021)., Grew to 40,000+ users over six years of compliant operation in Australia., Processed hundreds of millions of dollars in stablecoin spending.

## Products & services

- **Wayex Stablecoin Visa Card** — A Visa debit/prepaid card that spends a unified USD balance at 200M+ merchants worldwide with 0% fees on USD spending; available as a free digital card and a physical card, with Apple Pay and Google Pay support.
- **Wayex Global USD Account** — A single US dollar balance funded via bank transfers (ACH, SEPA, PIX, SPEI) or stablecoins, with real-time conversion at checkout and no manual swaps.
- **Multi-chain Stablecoin Deposits** — Deposits of USDC, USDT, DAI and PYUSD across 10+ blockchains, converted into a spendable USD balance.
- **Embedded Yield** — Up to ~5% annual yield on liquid stablecoin balances, with fixed-term/institutional private-credit products (higher APY) planned.
- **Wayex Mobile App** — iOS and Android app to buy, sell, hold and spend crypto/stablecoins, with KYC in as little as two minutes, spending controls, and real-time transaction alerts.

## Achievements

- Issued Australia's first crypto-linked Visa card (2021).
- Grew to 40,000+ users over six years of compliant operation in Australia.
- Processed hundreds of millions of dollars in stablecoin spending.
- Launched Wayex Global across 160+ countries in 2025.
- Secured infrastructure partnerships with Visa, Bridge (Stripe) and Lead Bank.

## Latest updates

- **2025** — Launched Wayex Global - a unified USD account and Visa card - across 160+ countries, with card issuance live in 18 markets and expansion to 100+ planned.
- **2024** — Rebranded from CryptoSpend to Wayex to signal expansion toward a broader global financial platform.
- **2026** — Positioned around fixed-term stablecoin yield products (institutional private credit) and instant crypto-to-stablecoin swaps as roadmap items.

## Links

- Website: https://wayex.com
- LinkedIn: http://www.linkedin.com/company/wayexofficial
- Twitter/X: https://twitter.com/WayexOfficial
- Facebook: https://facebook.com/cryptospend

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Profile page: https://yespress.io/wayex
Published by YesPress — https://yespress.io
Last updated: 2026-07-24