Visa Grants Principal Membership to Crypto Payments Platform Wirex
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. Crypto Payments Platform Wirex Gets Principal Membership From Visa to Issue Cards Autonomously 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 the APAC and EEA countries. The company enables its users to transfer crypto and fiat currencies globally through the platform. With the membership, Wirex....
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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’....
Israel-based global fiat payment processor Simplex announced Tuesday it has become a principal member of the Visa network.
Fiat-to-crypto on-ramp service provider Simplex has partnered with Visa to allow its client firms to issue crypto debit cards. Over 200 Simplex partner companies can now offer crypto debit cards to their customers, potentially enabling greater adoption of cryptocurrencies for retail transactions. The development is the result of a recent partnership between Simplex and Visa announced Monday. Simplex, a fiat-to-crypto on-ramp service is now a principal member of Visa in Europe.A Simplex spokesperson explained to Cointelegraph that the partnership is mainly a boost for the company’s....
Cryptocurrency exchange platform and card issuer Crypto.com has partnered with Visa and plans to debut fiat lending. Crypto.com is now the latest cryptocurrency exchange and payment service to join the Visa network.According to a press statement issued on Wednesday, Crypto.com has inked a global partnership with the credit/debit card payment giant which includes becoming a principal member of Visa’s network in Australia.As part of the press release, Crypto.com revealed that the collaboration with Visa was in line with the company’s efforts to expand the reach of its crypto Visa....
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....