Veröffentlicht von • Wirex, a digital payment company based in London, has announced a long-term service agreement with Visa.
• The partnership will allow Wirex to expand its crypto card services to the UK and APAC markets and more than 40 countries around the world.
• Through this partnership customers of Wirex will be able to make payments at about 80 million locations where Visa is accepted.
Wirex Partners With Visa
Wirex, a London-based digital payment company, has recently announced a long-term service agreement with Visa. This partnership allows Wirex to extend its crypto card services to more countries around the world including the UK and APAC markets. Customers of Wirex can now use their cryptocurrency assets to make payments at about 80 million locations where Visa is accepted around the world. In addition to being able to make crypto payments, customers also receive 8% cashback instantly.
History of Partnership
In 2015, Wirex was the first company to introduce crypto-card services in partnership with Visa. In 2020 it became a principal member of Visa in Europe and raised $15 million in its Series B funding round in 2022. This latest partnership is seen as an important milestone for both companies as it makes Wirex a global partner of Visa and allows them to reach new customers across multiple markets.
Objective of The Partnership
The core objective of this particular collaboration between these two companies is introducing more crypto-linked payment methods for more markets across the globe. Mat Wood from Visa’s Digital Partnerships team in Asia Pacific Region commented that they are excited that Wirex is expanding their focus on Asia Pacific making it easy for people to spend their crypto balance at millions of merchants that accept VISA in the region.
Upcoming Expansion Plans
Wirex have already achieved much success through this global partnership but they are not done yet as they have set their eyes on finalizing another card related partnership for Australia within next few weeks.
Conclusion
The agreement between these two companies has been beneficial so far as it has allowed both parties involved reach out to new customers across different regions while allowing them access more secure payment methods through cryptocurrency.