Bitcoin Card Provider Wirex Raises $3 Million from Japan’s SBI for Asian Expansion
Bitcoin-based financial platform Wirex, formerly known as E-Coin, has raised $3 million in a Series A funding round from the Fintech fund established by Japanese financial giant SBI Group. UK-based Wirex, essentially a service provider enabling the use of bitcoin and other digital currencies in popular payment networks like Visa and Mastercard through prepaid virtual and plastic cards. Wirex also provides an exchange platform allowing for the exchange of fiat currencies with bitcoin. The company claims to have over 500,000 members across 130 countries, calling itself a ‘hybrid banking’....
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The bitcoin debit card provider, Wirex, issued 37,000 cards reaching a total of 160,000 users in July 2016, according to data released by the company. Formally known as E-Coin, the U.K.-based company has experienced phenomenal growth over the last 18 months with continuous monthly growth since its launch in January 2015. By serving over 130 countries, it is able to offer its customers the ability to combine both bitcoin and fiat currencies through its hybrid banking platform. The company said in a blog post: As a small but growing startup, our rapid growth has only been possible thanks to....
Wirex gets it. Cryptos are only as valuable as the accompanying level of usability. Is this what mass adoption of bitcoin looks like? UK-based group Wirex is now offering a free virtual debit card through its pre-existing app. A user can easily download the app, register their account, download the card and then choose to load it with a variety of currency options.(Currently EUR, GBP, USD or BTC.) The card can then be used to perform fiat-to-fiat conversions, as an online banking platform accessible worldwide, to verify Paypal accounts, among many things. The card can also be used in any....
Wirex Limited., the London, U.K. producer of the E-Coin bitcoin debit card, has introduced the first two-way bitcoin debit card. In addition to being able to spend bitcoin with the card wherever Visa and MasterCard are accepted in more than 130 countries, it will soon be possible to buy bitcoin. The launch for this new capability is in April. Users can fund E-Coin accounts through dozens of bank transfer options and alternative payment methods. Wirex provides both physical and virtual bitcoin debit cards and supports domestic and international bank transfers directly to users’ accounts.....
Wirex, a bitcoin debit card provider, sent an email to customers today advising them to avoid making transactions on the Wirex platform until it could confirm from that BitGo services have been resumed. The message included a BitGo tweet advising users it was under a distributed denial of service (DDoS) attack. BitGo is a wallet and a security platform for bitcoin and blockchain technologies. “We, therefore, recommend to avoid making any transactions via E-Coin/Wirex platform until confirmation from BitGo that the services have been resumed,” the Wirex email noted. The BitGo tweet stated:....
Leading debit card manufacturer and service provider Wirex has successfully integrated the API of the instant cryptocurrency exchange ShapeShift to enable its users to fund their cards with Ethereum, Monero, Litecoin, and 12 more alternative cryptocurrencies. Wirex debuted its first Bitcoin debit card in July 2016, to allow the growing Bitcoin userbase to transact in any Visa or Mastercard-supported stores, retail outlets, and e-commerce platforms using the digital currency. As an initiative to reduce friction between Bitcoin and other leading currencies, the UK-based startup added some....