A London based Digital payment firm named Wirex has forged new rules in the digital money arena. The company has offices in London, Singapore, Tokyo, Delaware, Toronto and Kiev, Ukraine, where the bulk of its operations are based. The membership allows us to issue payment cards directly to the consumers and making it easier for the people to buy, hold, and exchange crypto into fiat money.
The Executive vice-president of master cards on digital assets and block-chain department Mr. Raj Dhamodharan said that the deal was a part of the expansion of the company’s digital assets program, which has now been relaxed to enable other emerging crypto firms to become principal members and also the cryptocurrency market continues to be mature so that their work with wirex and the other wider crypto ecosystem is accelerating innovation and empowering their consumers with the more choice in the way that they pay. They gave the world first visa payment card that lets users seamlessly spend their digital and traditional currencies in their digital life.
They are the only platform that allows access to OTC and the inter banks rates for crypto and traditional currency exchanges respectively and until now their crypto debit card had been with visa one of the main competitor of Mastercard’s. The card was issued by the German Fintech Group Wirecard, under the license from visa. Wirex indicates their real-time cryptocurrency data which shows the current rates. We will have an access to nine different cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), Waves (WAVES), Wollo (WLC), Dai (DAI), Nano (NANO), and Stellar (XLM). But now they backed the Bitcoin Debit Cards. On Monday Mastercard said that they had granted wirex principal membership status, becoming the first native cryptocurrency outfit to do so.
They give the power to use our own money in our way, on the border less payment platform. Wirex is aiming to expand the availability of banking services, get more people involved in the ongoing financial revolution, and remove the geographic limitations of finance. They were quite obviously developed the web interface around the mobile. The mobile version works and feels a lot better though. It is convenient and beginner-friendly. The chief executive officer and co-founder of wirex Mr. Pavel Mateev said that the Mastercard principal membership represents a growing interest and recognition in the acceptance of cryptocurrency by leading bodies and regulators. The Wirex is regulated by the UK’s Financial Conduct Authority and owns a license to issue cards in Europe
