Wirex launches multicurrency Mastercard debit card along with X-tras

By Megha Bhattacharya

Wirex has announced the launch of its multi-currency Mastercard debit card in the UK and EEA, as well as its new rewards programme, X-tras. The company stated that the card will solidify Wirex’s vision of making the digital economy accessible to everyone. Its features include real-time point-of-sale conversion, exclusive interbank and OTC exchange rates, free international ATM withdrawals, zero monthly fees and free fiat-to-fiat exchanges.

Mastercard UK & Ireland’s Head of FinTech, Edoardo Volta, explained that “The cryptocurrency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy. Our work with Wirex is another example of how we are empowering consumers with more choice and peace of mind in the way they shop and pay.”

Wirex X-tras, an upgrade of the company’s rewards scheme, allows customers to access X-tras including up to 2% Cryptoback on any in-store or online purchases made with their Wirex card and, for a limited time only, up to 12% Savings Bonus on their WXT account balance.

Pavel Matveev, Co-Founder and CEO of Wirex, stated that “it’s been Wirex’s aim to continue developing a next-generation product that will bring crypto further into the mainstream, and the launch of the debit card and X-tras rewards scheme will make this a reality. The huge range of benefits that come with it will appeal to everyone from crypto-enthusiasts to frequent travelers and the financially-savvy, and will be a great alternative to traditional banks.”

Recently, Wirex announced that it has become a principal member of Visa in Europe. The principal membership will allow Wirex to issue Visa cards themselves, offer new products, and apply for additional licences.