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Seeking Alpha 2023-02-13 14:23:54

Crypto payments platform Wirex becomes Visa member in APAC, UK

Cryptocurrency payments platform Wirex on Monday announced a long-term strategic global partnership with Visa ( NYSE: V ) that will allow it to directly issue crypto-enabled debit and prepaid cards to over 40 countries in APAC and the U.K. The companies will also collaborate further in major markets, including Europe and the U.S. Wirex will continue working closely with Visa to roll out its card program worldwide. The platform will announce another significant partnership in Australia in the coming weeks. Wirex has over 5M users, with its largest customer-base in the U.K. "Visa wants to bring more payment options to consumers by connecting digital currencies with our network of banks and merchants," said Matt Wood, head of Digital Partnerships, Asia Pacific, Visa ( V ). The announcement builds on the companies' existing relationship for crypto-linked debit cards. Earlier, Visa ( V ) reportedly ended its global card agreements with failed crypto exchange FTX .

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