Launch of Mastercard Debit Card and New Rewards Programme

Region: Europe
Mar 9, 2021, 10:45:00 AM Published By Wirex Team

Today, we’ve officially launched our hotly-anticipated multicurrency Mastercard debit card in the UK and EEA, as well as our new rewards programme, X-tras, across the globe. After reaching 75,000 people on the waitlist for the new card, these new features will help to make crypto more accessible to everyone.

What is the new Mastercard card?

With nearly 3.5 million customers, we've already made headlines in July 2020, after becoming Mastercard’s first crypto-native principal member. Building on this partnership, the new Mastercard debit card will make users’ lives borderless by enabling them to spend up to 18 crypto and traditional currencies in real-time. Mastercard principal membership enables Wirex to issue payment cards directly to consumers, making it easier for people to buy, hold and exchange multiple traditional and cryptocurrencies. Consumers can instantly convert their cryptocurrencies into traditional fiat currency, which can be spent everywhere Mastercard is accepted around the world.

The card will solidify Wirex's vision of making the digital economy accessible to everyone. Features include real-time point-of-sale conversion, exclusive interbank and OTC exchange rates, free international ATM withdrawals, zero monthly fees and free fiat-to-fiat exchanges.

What does Mastercard’s Head of Fintech have to say?

Mastercard UK & Ireland’s Head of Fintech, Edoardo Volta, explained that,

“The cryptocurrency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy. Our work with Wirex is another example of how we are empowering consumers with more choice and peace of mind in the way they shop and pay.”

Key Features of the New Card

  • Multicurrency travel card
  • Ability to buy, hold, exchange and spend 9 digital and 9 traditional currencies, with real-time conversion at point-of-sale
  • Available in 31 countries
  • Low-to-no commission on crypto purchases
  • No monthly fee
  • Free International ATM Withdrawals, with high limits
  • Cryptoback™  rewards Best in-market rates
  • Free express card delivery
  • Automatically activated accounts
  • In-app live chat support
  • Immediate cascading to a different currency in a prespecified order in case of low funds
  • In-app currency exchange rates
  • Fast instant transfers to your contacts

The Launch of X-tras

The new multicurrency Wirex card is just one of our many new releases this year. Wirex X-tras, an upgrade of our popular rewards scheme, has also recently launched. Through an innovative new subscription model, our customers can access X-tras including up to 2% in Cryptoback™ rewards on any in-store or online purchases made with their Wirex card and, for a limited time only, up to 12% annual Savings Bonus on their WXT account balance.*

Read the full details and breakdown of our X-tras programme here.

What our CEO has to say

Pavel Matveev, Co-Founder and CEO of Wirex, stated that

“It’s been Wirex’s aim to continue developing a next-generation product that will bring crypto further into the mainstream, and the launch of the debit card and X-tras rewards scheme will make this a reality. The huge range of benefits that come with it will appeal to everyone from crypto-enthusiasts to frequent travelers and the financially-savvy, and will be a great alternative to traditional banks.”

Get your Mastercard and experience X-tras today!

From today, Wirex users in the UK and EEA region can order the new Wirex debit card from the website.

The X-tras rewards programme is also available to customers globally in-app now.

*T&Cs apply – up to 12% annual Savings Bonus will be available to Elite subscribers and up to 4% to for Premium subscribers for the first 3 months of their plan, available for a limited time, after which they can earn up to 6% and 2% respectively.