Wirex Reaches 150,000 Registrations in US

Leading cryptocurrency platform, Wirex, has secured over 150,000 registrations to its crypto app that launched in the US 6 weeks ago. Linked to a crypto-backed Visa card, Wirex will work with Visa, a world leader in digital payments, to provide a unique set of payment and crypto services that aims to improve the everyday lives of fintech fans and crypto enthusiasts alike.

With a mission of bridging the gap between the traditional and digital economies, the London-based company has a long-standing relationship with Visa. Back in 2015, Wirex launched one of the world’s first crypto-enabled debit cards, allowing consumers to spend crypto in their everyday lives using real-time conversion at point-of-sale. They’ve gone on to develop a crypto rewards programme, Cryptoback™, which allows users to earn up to 8% in X-Points for any purchases made, automatically added to their Wirex account in-app.

With the EEA and APAC regions already bringing in over 5 million customers, Wirex is now looking forward to working with Visa and to bringing these services to a US audience, allowing crypto to be spent throughout the US, as well as over 80 million merchant locations across the globe.

Wirex’s US product will offer users the ability to buy, hold, exchange and sell US dollars and 37 cryptocurrencies from a single intuitive app. Features include the ability to seamlessly send and receive crypto from external wallets, free domestic and international ATM withdrawals**, no annual fee or exchange fees, near-instant crypto transactions, and live transaction notifications, with instant debit card top-up at zero cost. Last week, the company announced that they had enabled on-chain transactions for selected cryptocurrencies, including BTC, LTC and DOGE.

Harold Montgomery, Managing Director of Wirex USA said: “We’re delighted to tap into Visa’s expertise and global network to bring our award-winning app and card to millions of US customers. Regardless of age, background or experience, we’re endeavouring to enable mainstream users to take advantage of the benefits of crypto in the everyday. Research shows that Americans are demanding easy-to-use, affordable and safe crypto products, and Wirex’s successful launch in the US is already helping to meet these needs.”

“We want to serve as the bridge between the crypto ecosystem and our global network of merchants and financial institutions. We’re excited to work with innovative platforms like Wirex, to make it easy and seamless for consumers to spend from a crypto balance – anywhere Visa is accepted,” said AJ Shanley, VP of Visa Crypto.

Wirex will continue to serve US customers by expanding the products and features available. Over the coming months, they plan to allow users to top-up their card using Plaid and ACH, as well as seamless payments with Apple and Google Pay. For crypto users, there will be new tokens across the Bitcoin, Ethereum and Avalanche blockchains, and level 2 network support for lower gas fees and faster crypto transaction times.