Crypto Payments Firm Wirex Expands to US, Begins Distributing Crypto-Linked Visa Debit Card

Wirex currently has over 4.5 million customers across the European and Asia-Pacific regions.

AccessTimeIconFeb 7, 2022 at 5:00 p.m. UTC
Updated Feb 7, 2022 at 8:55 p.m. UTC

Michael Bellusci is CoinDesk's crypto payments reporter.

U.S.-based users of Wirex will be able to use the company’s app to buy, store and exchange 37 different cryptocurrencies, as well as traditional currencies. The service is available to all states except New York and Hawaii, which is coming later this year, according to Wirex.

  • "U.S. users have been demanding an alternative to traditional forms of payments that are antiquated, slow and non-transparent, and that's where Wirex steps in,” said Harold Montgomery, Wirex USA managing director. The company’s domestic partners are Zero Hash, Checkout.com, Visa and Sutton Bank.
  • The Wirex app will link to a contactless Visa debit card, allowing for clients to spend their crypto either online or in-store at more than 61 million locations around the world. The “Cryptoback” rewards program allows users up to 8% back in X-points (Wirex's native token) for purchases.
  • The company said its other growth initiatives include a recently launched non-custodial wallet and an investment in decentralized finance (DeFi) protocol Nereus.
  • Since its launch in 2014, Wirex has garnered more than 4.5 million customers in 130 countries across the European and Asia-Pacific areas.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Michael Bellusci is CoinDesk's crypto payments reporter.

CoinDesk - Unknown

Michael Bellusci is CoinDesk's crypto payments reporter.

Trending

1
CoinDesk - Unknown
What Are Crypto Screeners?

A crypto screener is a web-based tool that allows users to search for cryptocurrencies by criteria.

CoinDesk - Unknown
2
CoinDesk - Unknown
The Coming Digital Currency Wars

“Money Reimagined” Consensus 2022 panel discussion from Austin, Texas with Chris Giancarlo, Neha Narula and Emily Parker.

CoinDesk - Unknown
3
CoinDesk - Unknown
Meta Begins Testing NFT Integration on Facebook

The testing of NFTs on Facebook follows a series of pilot integrations on Instagram in May.

CoinDesk - Unknown
4
CoinDesk - Unknown
BlockFi Approached With Ledn-Led Funding Offer Amid FTX Acquisition Talks: Report

BlockFi CEO Zac Prince on Thursday vehemently denied a story that his company had agreed to a sale to FTX for just $25 million.

CoinDesk - Unknown