Wirex Collaborates With Payments Giant Visa For Crypto Debit Card

• The crypto company can now reach a wider audience in the UK and Asia-Pacific.
• Wirex, a London-based cryptocurrency company, now serves more than 5M clients.

Visa, a leader in digital payments, has announced a collaboration with the cryptocurrency payments app Wirex, allowing the latter to issue cryptocurrency debit cards to customers in more than 40 countries. Today, the two corporations issued a statement formalizing their relationship, marking the beginning of a long-term, worldwide alliance between the two organizations.

The crypto company can now reach a wider audience in the UK and Asia-Pacific thanks to its agreement with Visa. They want to “directly issue crypto-enabled debit and prepaid cards themselves to over 40 countries,” according to the news announcement.

Reaching a Wider Audience

The recent announcement of the cooperation between Visa and Wirex is a huge step forward since the two companies will soon be issuing crypto debit cards in over 40 countries. The news announcement elaborates that the partnership will facilitate growth in new geographic and commercial arenas.

The news announcement noted:

“Membership of Visa enables Wirex to offer new innovative products to utilize crypto in the everyday, improve user experience, and pilot new blockchain initiatives.”

Wirex, a London-based cryptocurrency company, now serves more than 5 million clients. With the rapid expansion in APAC, the cooperation with Visa will further the cause of wider use of digital assets. It allows Wirex to reach a wider audience with its tried-and-true service.

The news statement concludes by noting the preexisting connection between the two firms. In 2015, Wirex launched a crypto-enabled card that would let its users purchase, hold, swap, and sell cryptocurrency. Allowing use at any of the 80 million merchants worldwide that accept Visa.