A Revolutionary Global Payments With WirexWirex Limited is the platform for management of personal finance using blockchain technology Wirex issues plastic and virtual cards which can be filled up with both fiat and cryptographic currencies. Wirex charges commissions on fiat-to-fiat transfers that it says are lower than MasterCard and Visa; it says that for remittances the service is far cheaper than incumbents like Western Union, which doesn't move physical cash across borders and so needs to maintain cash reserves in every country it serves.
He made a 75€ payment from my bank account to Coinbase (famous, big company, etc). Wirex is a London-based debit card company that allows Wirex you to seamlessly exchange multiple cryptocurrencies within the app and spend it as fiat anywhere Visa payments are accepted.
By uniting conventional payment infrastructure such as Swift, SEPA and Faster Payments with unrestricted access to interbank and Over-The-Counter (OTC) exchange rates, Wirex empowers people to spend, exchange and transfer their money with freedom and flexibility.
Euromoney reports elsewhere on the first tentative steps of the world's biggest banks to integrate this new technology, such as Barclays, which is working with Circle, a US app, to facilitate payments between sterling and US dollars on the blockchain.
The Wirex Visa card can be used to pay anywhere in the world in any currency of your choice while earning cryptocurrency as you spend with the Cryptoback rewards programme - the first company to offer a loyalty scheme that gives you 0.5% back in Bitcoin with every transaction.
On the subject of the safety of the Wirex card, it is worth mentioning Wirex operates under an e-money license of the UK Financial Conduct Authority, which guarantees their payment cards count on standard VBV protection, typical to Visa cards. Wirex is a provider of cryptocurrency wallets linked to physical and virtual Visa debit cards, as well as cryptocurrency and traditional currency exchange and payment solutions.
There are no any exchange rates, but one thing that can impact the price is the bitcoin network fee, which is an indirect payment to bitcoin miners for their work. Banking with Wirex has the capability of opening up Bitcoin to the general population with its ease of use and simplicity.
Here is a short table summarising all the fees that are applied to the Wirex crypto debit card. If cryptocurrencies such as Bitcoin and Litecoin are ever going to become ingrained in the mainstream for consumer purchases, platforms such as Wirex need to be celebrated and adopted.
This information is secured by card proxies stored with Wirex bank. Very proud to announce that Wirex Limited is now only the third #crypto -friendly company in the WORLD to have been granted an #FCA e-money licence. As a frontrunner in the cryptocurrency payments arena, Wirex has delivered many world-first, world-class products bridging the gap between crypto and traditional currency.