Wirex and Visa Expand Partnership

• Digital payments platform Wirex has partnered with Visa to expand its footprint in Asia-Pacific (APAC) and the U.K.
• The partnership will allow Wirex to directly issue crypto-enabled debit and prepaid cards to over 40 countries, building on their existing relationship of a crypto-linked visa debit card in the U.S.
• With 5 million customers, Wirex is looking to bring more payment options for consumers by connecting digital currencies with Visa’s network of banks and merchants.

Background Information

Wirex is a cryptocurrency payments app that was founded in 2015 as the first company in the world to develop a crypto-enabled card that allowed users to buy or sell multiple traditional and cryptocurrencies. It currently holds principal membership status with Visa in Europe, allowing it to provide services such as issuing crypto-enabled debit and prepaid cards across multiple countries including the UK and APAC region. This expansion will make using DeFi more mainstream by integrating components like Uniswap and Aave into their services.

Visa’s Plans

Matt Wood, Head of Digital Partnerships at Asia Pacific, Visa commented on this new venture saying that they want to offer more payment options for consumers by connecting digital currencies with their network of banks and merchants. He added that this move reflects their commitment to bringing innovative technology solutions into the payments ecosystem which also includes supporting open banking initiatives.

Benefits Of The Expansion

The expansion of this partnership between Wirex and Visa is beneficial for both companies as it provides them access to larger customer base across multiple regions around the world while also furthering their mission towards making using DeFi more mainstream. Additionally, consumers can now benefit from having more payment options available when dealing with digital currencies through this integration of services offered by both companies.

Conclusion

The collaboration between Wirex and Visa marks an important milestone in providing customers with more choices when it comes to making payments using digital currencies while also furthering both companies’ mission towards making DeFi mainstream worldwide. Through this collaboration customers can now benefit from having access to a larger variety of payment options which are tailored towards meeting their needs better than ever before!