TLTP
\nLONDON
\nLondon-based crypto payments platform Wirex can now issue Visa accounts and process transactions autonomously, as the firm became a principal member of the payments giant.
\nAccording to the announcement, Wirex has been added to the European network of Visa as a member after long-lasting cooperation, whose customer base has over 3 million in the APAC and EEA countries. The company enables its users to transfer crypto and fiat currencies globally through the platform.
\nWith the membership, Wirex becomes the second crypto company after Coinbase to get such a membership, although this is not the first payment giant the London-based firm partnered with.
\nOn July 20, 2020, the company also teamed up with Mastercard to directly secure a principal membership to issue cards supporting both crypto and fiat currencies.
\nThe latest figures revealed by Wirex show that the company had experienced a 271 percent increase in the number of crypto exchanges on their platform compared to December 2019. It also launched its first crypto-enabled debit card in 2014.
\nCuy Sheffield, senior director and head of cryptocurrency at Visa, commented on the announcement: \u201cDigital currencies have the potential to extend the value of digital payments to a greater number of people and places. We\u2019re excited to work with innovative Fintech\u2019s like Wirex, and enable their customers to use digital currencies at more than 61 million merchants on the Visa network.\u201d
\nMoreover, Pavel Matveev, CEO and co-founder of Wirex, believes that achieving this principal membership from Visa paves the road to catch more opportunities to continue developing \u201ca revolutionary product.\u201d
\nWirex is also preparing the ground to land in the US market, as they\u2019re about to launch a single currency Visa card. However, Wirex is not the only one who offers bitcoin-based cards in the crypto sphere, as exchanges such as Binance and Coinbase offer such products<\/p>\n","protected":false},"excerpt":{"rendered":"
TLTP LONDON London-based crypto payments platform Wirex can now issue Visa accounts and process transactions autonomously, as the firm became a principal member of the payments giant. According to the announcement, Wirex has been added to the European network of Visa as a member after long-lasting cooperation, whose customer base has over 3 million in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-164551","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n