Wirex, a prominent platform for cryptocurrency payments, has entered into a comprehensive and long-term strategic alliance with the payment network, Visa. This partnership will support further collaboration in major markets, including APAC, UK, Europe and the USA.
Wirex Becomes a Member of Visa
The partnership between Wirex and Visa involves Wirex becoming a member of Visa in the Asia-Pacific region and the United Kingdom. This membership will allow Wirex to directly issue crypto-enabled debit and prepaid cards to over 40 countries. This partnership will improve the user experience and pilot new blockchain initiatives.
Wirex’s Growth Continues with 5 Million Customers
Wirex, a London-based company, has over 5 million customers, with its largest customer base being in the UK and rapid growth in APAC. This partnership with Visa is a milestone for Wirex and will continue to help the company empower everyone to access the benefits of crypto.
Building on Existing Relationship with Visa
This latest development builds upon the long-standing relationship between Wirex and Visa. In 2015, Wirex made history by launching the world’s first crypto-enabled debit card. This innovative product allows users to not only purchase and trade multiple traditional and digital currencies, but also spend them at the over 80 million merchants worldwide that accept Visa.
Wirex and Visa to Expand Services and Roll Out Card Program
As part of their continuous partnership, Wirex and Visa intend to take their card programme international and steadily increase the number of services they offer. As part of its ongoing efforts to offer complete payment solutions, Wirex is about to announce another significant cooperation focused on card issuing in Australia.
Svyatoslav Garal, the Regional Managing Director of Wirex in the Asia-Pacific region, remarked, “We are thrilled to strengthen our partnership with Visa, who have been instrumental in connecting the traditional and digital economies. With Visa’s unwavering commitment to safety, security and innovation, Wirex will be able to further advance the development of a cutting-edge app and card.”
Matt Wood, Head of Digital Partnerships for the Asia Pacific region at Visa, stated: “Visa aims to provide consumers with additional payment options by linking digital currencies to our network of banks and merchants. We are thrilled that Wirex is expanding its reach in the Asia Pacific region, making it simple and effortless for individuals to spend their cryptocurrency holdings at the vast number of merchants that accept Visa in the area.”
Wirex
The digital payments industry has been revolutionised by Wirex, an international payment network and regulated organisation. Pavel Matveev and Dmitry Lazarichev founded the company in 2014 to make sure that everyone could take part in the digital economy. Wirex was the first business to launch a payment card that accepts cryptocurrencies in 2015. With the use of this card, customers can buy, store, exchange, and sell a variety of traditional and digital currencies, as well as use them at more than 80 million Visa-accepting merchant locations worldwide.
Wirex offers its customers real-time point-of-sale conversion, exclusive interbank and OTC exchange rates, free international ATM withdrawals, zero monthly fees, free fiat-to-fiat exchanges, and up to 8% Cryptoback rewards for every purchase. With a customer base of over 5 million and rapid growth in new territories, including the United States, Wirex is in a unique position to drive and support the widespread adoption of a cashless society through innovative solutions.
Conclusion
In conclusion, the strategic global partnership between Wirex and Visa is a major milestone for both companies. With Wirex’s 5 million customer base, becoming a member of Visa in APAC and the UK will allow the crypto payments platform to directly issue crypto-enabled debit and prepaid cards to over 40 countries.
This partnership will continue to bridge the gap between the traditional and digital economies, improve the user experience and pilot new blockchain initiatives. Wirex will work closely with Visa to expand services and roll out their card program worldwide, making it easy for people to spend their crypto balance at the millions of merchants that accept Visa. The digital payments industry has been revolutionised by Wirex and its innovative solutions, positioning it uniquely to support and promote the mass adoption of a cashless society.
News Source: Wirex
