Crypto Payments platform Wirex expands services to the USA
By Edlyn Cardoza
Wirex, a leading digital payments platform, has launched its services in the US, giving millions of people more affordable, easy, and secure access to crypto and fiat currencies in everyday life.
After partnering with Zero Hash, Checkout.com, Visa and Sutton Bank, distribution has begun on its hugely popular debit card across America. Wirex already provides cutting-edge services to over 4.5 million users across the EEA and APAC regions, earning itself a reputation for its commitment to innovation and security. A US launch is the next step for the London-based company to introduce this financial alternative to a mainstream audience.
Wirex seeks to revolutionize payments in the US, offering the ability to buy, hold, exchange, and sell US dollars and 37 different cryptocurrencies from a single intuitive app and seamlessly send and receive crypto from external wallets. Technology links the app to a contactless Visa debit card, allowing customers to spend their cryptocurrency online and in-store at over 61 million locations globally. Additional features include free domestic and international ATM withdrawals, no annual fee, zero exchange fees, near-instant crypto transactions, and live transaction notifications. Following an impressive collaboration with Checkout.com, customers can instantly top up with zero fees by linking their debit cards.
Since launching in 2014, Wirex has become famous within the FinTech community for developing the first crypto-enabled debit card and the world’s first crypto rewards scheme, Cryptoback™. The program rewards users with up to 8% in X-points for every purchase, exchanging for any other crypto in-app. Continuing its quest for the mass adoption of the digital economy, they released an upgraded rewards scheme, X-tras, as well as a DeFi-powered interest-earning product, as X-Accounts, which will both be available in the US shortly.
“We’re excited to be able to empower American consumers, whether a hardcore crypto-enthusiast or a novice fintech fan, to experience the benefits of a digital economy,” commented Harold Montgomery, Managing Director of Wirex USA. “US users have been demanding an alternative to traditional forms of payments that are antiquated, slow and non-transparent, and that’s where Wirex steps in. We’re known for upholding regulatory and licensing standards where required, and applying industry-best practices where regulations don’t yet exist. American customers can expect the same level of compliance.”
Edward Woodford, the CEO of Zero Hash and the crypto trading infrastructure platform powering Wirex’s crypto launch, commented that, “This is an excellent time to enter the US market and Wirex is primed for success as cryptocurrencies gain momentum as a payment option. Recent studies confirm this with nearly 60 percent of US consumers wanting to pay with crypto to make everyday purchases.1Our deep expertise in US regulations and our API-first approach makes us consistently the chosen partner for fintechs such as Wirex to expand to the US.”
The company continues to create an enhanced digital ecosystem with the recent release of the Wirex non-custodial wallet and investment in DeFi protocol, Nereus, positioning Wirex for exponential growth. The US launch will play a pivotal role in this. In the coming months, the company plans to roll out more valuable features and services that have proved hugely successful in other regions, bringing the benefits of crypto and DeFi to over 300 million Americans.
Recently, IBS Intelligence reported that Wirex had added six new stablecoins to its platform to continue its mission to bring crypto to the mainstream. The latest to be integrated is XSGD, the world’s largest non-USD fiat-backed stablecoin.
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November 30, 2023
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