Laying the foundations for innovation

Region: Europe
Apr 12, 2019, 4:44:32 AM Published By Wirex Team

Wirex is all about innovation. We were the first platform to offer a Visa card that lets you spend digital currency, the first Europe-headquartered crypto-friendly company to hold an FCA e-money licence and the first to introduce CryptobackTM - a crypto rewards programme that pays out in BTC.

2019 has been no exception. In February, we launched Wirex 3.0 and introduced a range of game-changing features, including OTC and interbank rates for digital and traditional currency exchanges, the Wirex Business platform and bank transfers to and from your Wirex account.

Our most recent update brings even more benefits to our cardholders in the EEA. On Friday the 12th of April, you’ll need to update your Wirex app in the App Store or Google Play. Once you’ve updated, log back in to the app using your email, password and memorable word.

What’s new?

We’ve made changes to your Wirex accounts to give you even more control of your money. Once you’ve logged back into the app, you’ll find that each of your main accounts is split into two: a Card account and a Current account. This means you’ll see two balances in your GBP, USD and EUR accounts.

·    Your Current account is your main account. It does all the things that your old account used to do, like digital and traditional currency purchases, exchanges and transfers.

·    Your Card account funds your Wirex Visa card. You top it up by transferring money from your Current account. You can also send money back to your Current account if you don’t want to spend it.

For detailed instructions on using your new Current and Card accounts, click here.


What do these changes mean?

By limiting your Card account to paying with the Wirex Visa card, we give you greater control over your spending. Load up the money you need for your trip abroad or day out, safe in the knowledge that you can’t go over budget; you can always top up your Card account with just a few taps in-app.

The main benefit of the current account is that it removes limits on your account balance and currency exchange, which means you can convert up to £/€/$ 50,000 per day and top up without restrictions.

As well as giving you more flexibility, these changes allow us to improve our network stability as the demand and rise in matching cryptocurrencies grows. We are preparing for a bullish year for crypto, which increases demand as digital currency become more established in the mainstream. Furthermore, we are making our platform more scalable in preparation for some groundbreaking new features – including a new generation of Wirex Visa cards. We can’t say too much at the moment, but it’s going to be huge…