Wirex announces a global partnership with Visa to launch crypto debit cards in 40 countries.
In its press release, Wirex says it is strengthening its partnership with Visa by becoming a member of Visa in APAC (Asia) and the UK. This agreement will allow the firm to increase its influence in the world, as well as offer new services to its customers.
In addition, the company announced its international expansion that will make encrypted debit and prepaid cards available in more than 40 countries.
Wirex had previously withdrawn from the UK’s Financial Conduct Authority (FCA) temporary registration program before its expiration date, which means it will instead serve its UK-based customers through a licensed subsidiary in Croatia.
The agreement between Wirex and Visa will support further collaboration in key markets, including APAC, the UK, Europe and the US.
A partnership that will accelerate Wirex’s presence in Asia, where it had launched in 2019 its crypto bank card Wirex Travelcard, issued by Visa precisely.
Svyatoslav Garal, regional general manager of Wirex APAC, said:
It’s great to strengthen our partnership with Visa, which has played an important role in enabling us to bridge the gap between the traditional and digital economies. Visa’s proven commitment to safety, security and innovation will help us continue to develop a next generation app and card.
Matthew Wood, head of Asia Pacific digital partnerships for Visa, commented:
Visa wants to offer more payment options to consumers by connecting digital currencies to our network of banks and merchants.
The main advantage of a crypto bank card is that you no longer have to convert your bitcoins and cryptocurrencies into euros, then send them to a traditional bank account in order to spend your money.
A crypto debit card will directly debit your purchases to your account in cryptocurrencies that you hold on a crypto exchange.