Wirex join hands with Visa, becomes principal member

  • Wirex raised $5million through crowd funding in October 
  • Wirex has applied for more licenses

Wirex has become the Principal member of Visa. this has been the critical step for the company to offer services in US. Wirex has also restructured its rewards programme ahead of the partnership.

Wirex, the digital payments platform and institution is now a principal member of Visa in Europe. Wirex, the London based company is looking to expand the business with ambitious plan for 2021. On the completion of Visa’s fast track programme, Wirex gets the the principal membership. 

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Now, Wirex is liable to issue Visa cards, new products from Visa. The company has also  applied for additional licenses. The announcement comes at a time when Bitcoin is in the bullish trend and more people are investing in cryptocurrencies. This has been the very important time for the digital economy to gain attention. 

Cuy Sheffield, Senior Director and Head of Cryptocurrency, Visa said that digital currency is showing potential and more and more people are attracted towards it. It has potential to extend the greater value of digital payments. Visa is very excited to work with Fintech companies like Wirex and helps their customers to use more than 61 million merchants on the Visa network. Wirex customers can use the digital currency anywhere and anytime. 

Wirex has a very long relationship with Visa since 2014. The contactless crypto enabled debit card in 2014 was launched by Wirex. Wirex was the first company to offer the cards in the crypto market. The customers could spend upto 20 traditional and cryptocurrencies over 61 million locations globally.

Wirex had also launched cryptocurrency reward scheme cryptoback that rewards users upto 1.5% in Bitcoin. And now with this new membership, Wirex is trying to restructure the rewards program and gives services in the US. 

The company has also launched crowd funding campaign which was very successful and the company raised US $ 5million. The company is now looking forward to 2021 as more exciting year for them to move high in the business. 

Wirex is a well established digital payments company. The company has been known for its innovative ventures. It was the first company to offer crypto enabled payment card. Pavel Matveev and Dmitry Lazarichev, who believed in digital currency offer services to the people who entered the world of cryptocurrency has launched Wirex with this vision in 2014. 

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Ritika Sharmahttp://www.thecoinrepublic.com
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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