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Wirex brings back card spending to Asia

March 27, 2018 3:17 pm Published by

Wirex will launch cryptocurrency and multi-currency accounts soon

Wirex will launch contactless cards to spend money that has been exchanged from cryptocurrencies and the first ever multi-currency accounts for speedy exchange between BTC and SGD GBP, EUR, USD in Asia during Q2.

Wirex became the only provider in Europe to allow spending in cash, converted from cryptocurrencies last week and integrated its debit cards into its multi-currency (SGD, GBP, EUR, USD) accounts to make shopping even easier and quicker than before.

Phasing in delivery by regions ensures a stable and secure service globally. Asian customers will benefit from a finely tuned offering based on customer insights from across Europe and UK.

Cumbersome cryptocurrency exchanges can now be bypassed for a much more secure and speedy all-in-one account, saving time and effort. The new integrated accounts provide the flexibility of traditional financial services – such as bank-to-bank transfers – with access to real Bitcoins.

Pavel Matveev, CEO, Wirex said:

“Wirex is bringing to Asia the first ever multi-currency accounts and cards for spending cash converted from cryptocurrencies, making everyday purchases much simpler.

Our cards are great for transactions in stores, buying goods online or withdrawing money from ATMs.

“We were the first to bring such cards to the world and now we’re the first to bring multi-currency accounts with new contactless debit cards to Asia.”

Money 2020 has long been the top event for innovation in payments. We’re pleased to let our Asian customers know here that cryptocurrency spending just got much easier.”

Wirex accounts in Asia

  • ‘In account’ Bitcoin purchase, sales and transfers for speed and convenience.

  • Individual GBP e-money accounts with unique sort code and account number.

  • Free and instant Bitcoin transfers between Wirex users.

  • Immediate currency conversion between BTC, SGD, EUR, GBP, USD.

Wirex cards in Asia – cryptocurrencies converted to fiat before loading cards

  • Free Contactless debit cards for Wirex multi-currency (SGD, GBP, EUR, USD)  accounts.

  • 3D Secure support for secure online payments.

  • Physical and instantly available virtual debit cards.

Debit card provision

Wirex Accounts represent a significant improvement on all previously available cryptocurrency offerings. The Wirex current account comes with genuine debit cards, an innovative step to provide much greater merchant acceptance in Asia, UK and across Europe.

Cards and accounts in the UK are immediately available.

Wirex has more than 1.5 million customers around the world. We are keen to quickly deliver our upgraded offering seamlessly. Consequently, the new accounts and cards are available according to the below schedule:

Country availabilities

Asia: available Q2

UK: available now

EU countries: end of March

Sign up for your new multi-currency accounts’ cards here

 

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