Wirex is a London-based crypto payment processor. Importantly, Wirex is regulated by the U.K.’s Financial Conduct Authority. Wirex has a license to issue crypto cards in Europe. Moreover, Wirex is the first cryptocurrency platform that received a Mastercard principal membership.
It is worth noting that, Wirex will release a multi-currency crypto card with support from Mastercard. This card will be linked to 19 crypto and fiat currency accounts in the Wirex app. However, an official release date remains unknown.
The company wants to encourage the use of cryptocurrency for everyday payments. Wirex is also upgrading its existing “Cryptoback” rewards program.
This program rewarded users with up to 1.5% back in Bitcoin for each in-store transaction. However, the company is ready to offer up to 2% when it comes to online and in-store transactions. Moreover, rewards can reach up to 6% on customers’ native Wirex Token balance annually.
Crypto payment processor and Mastercard
Interestingly, Wirex is also rolling out several other new features. It is worth mentioning that, in the European Economic Area, the new features that are already working include support for five new currencies. The Croatian Kuna, Czech koruna, Polish zloty, Romanian leu, and Hungarian forint.
Importantly, earlier this year Wirex reached an important milestone as the number of active users surpassed 3 million. People should take into account that, Wirex’s service allows users in 130 countries to spend their cryptocurrencies and fiat currencies using an existing dedicated Visa card and mobile app.
Interestingly, Coinbase’s card was the first physical crypto card that appeared in the United States. That card supported both Visa and Mastercard payment networks.
Hopefully, Mastercard and Visa continue to establish working relationships with famous cryptocurrency firms. Thanks to such projects, it will be easier to make cryptocurrencies part of everyday life. Wirex and other crypto-related companies have the opportunity to accomplish this goal.
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