Wirex, a leading cryptocurrency payments app, has teamed up with Visa to increase its presence in the UK and Asia-Pacific.
By connecting digital currencies with Visa’s network of banks and merchants, Wirex, a top cryptocurrency payments app, will be able to reach more people in the U.K. and Asia-Pacific and give consumers more payment options.
In order to increase its presence in the Asia-Pacific region and the United Kingdom, London-based Wirex, a major cryptocurrency payments app with over 5 million users, has formed a long-term worldwide relationship with Visa.
Their current bond is being strengthened by their most recent partnership. It has already resulted in the creation of a crypto Visa debit card in the United States and of Wirex as a major Visa member in Europe.
As the first business in the world to introduce a card that supports cryptocurrencies in 2015, Wirex made history by enabling users to purchase, sell, and conduct financial transactions using both conventional and virtual currencies.
The business will now be able to issue debit and prepaid cards globally thanks to this new agreement.In the UK, where the company had previously withdrew from the Financial Conduct Authority’s (FCA) temporary registration framework, Wirex has the majority of its customers.
However, the business still provides support to clients in the UK via a Croatian-licensed subsidiary. The objective of this relationship, according to Matt Wood, Head of Digital Partnerships for Asia Pacific at Visa, is to provide customers with more payment options by integrating digital currencies with the vast network of banks and retailers that Visa has established. Visa hopes to give customers wishing to transact with digital currencies a seamless, secure, and convenient experience by working with Wirex.
