Crypto adoption : Wirex announces global partnership with Visa
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Crypto adoption : Wirex announces global partnership with Visa

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Wirex had previously withdrawn from the UK’s Financial Conduct Authority (FCA) temporary registration program before its expiration date, which means it will instead serve its UK-based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.

Article written by:

Laeti Marison, also known as SatoshiBelle, is a multifaceted professional with a passion for community management, content creation, and digital marketing. With a diverse background in various roles, Laeti has consistently demonstrated her expertise and dedication in the field. Recognizing her potential, Laeti then took on the responsibilities of a Project and Community Manager at Magna Numeris and Cartam from November 2018 to March 2021. In this role, she showcased her ability to successfully lead projects and foster strong relationships within the community. Currently, Laeti serves as an SEO content writer, Digital Marketing Manager, and co-founder at magazine, starting from February 2022 till now. Through her expertise in digital marketing and her passion for the crypto industry, she has contributed to the success of the magazine, ensuring its content remains relevant, engaging, and informative.

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