Wirex, a leading Web3 money app, is taking a big step towards decentralisation by announcing its plans to create a Decentralised Autonomous Organisation (DAO) for its innovative payment platform, Wirex Pay.

This move shows Wirex’s commitment to decentralised governance and gives users a chance to play a more active role in shaping the future of Wirex Pay.

The goal of establishing a Decentralised Governance for Wirex Pay demonstrates Wirex’s dedication to embracing decentralisation and increasing community involvement. Once the DAO is fully set up, users will have the opportunity to propose, discuss, and vote on important updates, new features, and strategic directions for the platform. This will create a democratic and decentralised decision-making process.

While still in the planning stages, Wirex’s vision for the DAO aims to transition governance to a model that is transparent, fair, and decentralised. This approach is meant to ensure that the Wirex Pay community has a direct say in how the platform evolves, promoting collective decision-making and shared ownership.

Pavel Matveev, CEO of Wirex, expressed enthusiasm for the decentralised governance model, stating,