Wrapped Bitcoin (WBTC), wbtc, , Unbanked, Unbanked Card, Crypto Card, Unbanked Debit Card, Crypto Debit Card, BlockCard

Wrapped Bitcoin (WBTC)

Wrapped cryptocurreny tokens are cryptocurrencies pegged to the value of another original cryptocurrency in order to work on networks to which they are not native. The original asset is ‘wrapped’ into a digital vault, and a newly minted token is created to transact natively on other platforms.

WBTC is a wrapped version of Bitcoin.

Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain.

WBTC is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending services, prediction markets and other ERC-20-enabled decentralized finance (DeFi) applications.

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