Cryptocurrency payments app Wirex has signed a long-term global partnership with Visa (V) to expand its footprint in Asia-Pacific (APAC) and the U.K., according to an announcement on Monday.
The announcement builds on the two companies' existing relationship of a crypto-linked visa debit card in the U.S. and Wirex holding principal membership status with Visa in Europe. In 2015, according to Wirex, it became the first company in the world to develop a crypto-enabled card that allowed users to buy or sell multiple traditional and cryptocurrencies.
With this expansion the London-based Wirex, which has over 5 million customers, will now be able to directly issue crypto-enabled debit and prepaid cards to over 40 countries.
(By Amitoj Singh)
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