Wirex, a cryptocurrency payments app, announced earlier today that it sealed a comprehensive partnership with renowned credit card provider Visa. This new agreement will allow Wirex to expand its services in the United Kingdom and Asia-Pacific. With this ground-breaking collaboration, users can now enjoy greater convenience regarding crypto transactions.
Wirex has achieved another impressive milestone with over 5 million customers across the globe, having already established a solid customer base in the U.K. and seen rapid growth in APAC. Last November, they were shortlisted as finalists for the SFF Global Fintech Awards at Singapore’s FinTech Festival. With this new partnership, Wirex is one step closer to realizing its mission of empowering people worldwide to access crypto’s many benefits.
Wirex and Visa’s partnership moved to the next level with a new crypto-linked visa debit card available in Europe and America. According to the company’s website, Wirex is the first to produce a crypto-enabled card, enabling customers everywhere to buy or sell multiple standard and digital currencies.
Also, the company announced its international expansion that will make the crypto-enabled debit and prepaid cards available to over 40 countries.
Wirex had previously pulled out from the U.K. Financial Conduct Authority’s (FCA) temporal registration program prior to its due date, which implies that it will serve its U.K.-based customers through a subsidiary licensed in Croatia instead.
“To provide customers with more payment opportunities, Visa is collaborating with banks and merchants across the globe to bridge digital currencies into our network.”Matt Wood, Asia Pacific’s Head of Digital Partnerships for Visa.