Seeking Alpha
2023-02-13 14:23:54

Crypto payments platform Wirex becomes Visa member in APAC, UK

Cryptocurrency payments platform Wirex on Monday announced a long-term strategic global partnership with Visa ( NYSE: V ) that will allow it to directly issue crypto-enabled debit and prepaid cards to over 40 countries in APAC and the U.K. The companies will also collaborate further in major markets, including Europe and the U.S. Wirex will continue working closely with Visa to roll out its card program worldwide. The platform will announce another significant partnership in Australia in the coming weeks. Wirex has over 5M users, with its largest customer-base in the U.K. "Visa wants to bring more payment options to consumers by connecting digital currencies with our network of banks and merchants," said Matt Wood, head of Digital Partnerships, Asia Pacific, Visa ( V ). The announcement builds on the companies' existing relationship for crypto-linked debit cards. Earlier, Visa ( V ) reportedly ended its global card agreements with failed crypto exchange FTX .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.