Wirex and Ultra Stellar announced the launch of a native payment infrastructure on the Stellar network. The system is built on the Soroban platform and is designed to provide financial services directly on the blockchain.

The infrastructure creates a unified payment layer for wallets, fintech platforms, and developers. It allows for creating accounts in stablecoins, issuing cards, making payments, and earning yields without the need for third-party integrations. All transactions are processed directly within the Stellar ecosystem.

The project combines the Wirex payment network, its licenses, Visa integration, and banking infrastructure with Ultra Stellar products, including LOBSTR and StellarX. The companies plan to jointly develop the infrastructure as a shared layer of the ecosystem, rather than a one-time integration.