Bitcoin's MasterCardWirex is a provider that takes care of storing several cryptocurrencies through wallets, which are directly connected to a free virtual or physical debit card (Wirex Card) that also offers a 0.5% Cryptoback on the purchases made. Wirex is going to use the received investments on development of the company: entry into the new markets, obtaining licenses, improvement of algorithms of security, stabilization of operability of the platform and also improvement of customer service.
The wallets let you buy, store, or manage both crypto and fiat. The card can be funded with cryptocurrency in-app and exchanges can be made between fiat and cryptocurrency in the app also. Wirex is a user-friendly debit Wirex payment card. The Wirex prepaid card will allow American consumers to instantly convert their Bitcoin, XRP, Ethereum or Litecoin and spend in: stores, bars and restaurants, on transport, online or withdraw from ATMs.
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.
The company launched the world's first Visa card that enables users to convert and spend cryptocurrencies wherever Visa is accepted and now processes digital transactions for more than 2 million users in 130 countries - processing over $2bn of transactions to date.
LAS VEGAS, NV - October 22, 2018 - Today, Wirex - the payments pioneer that aims to bridge the gap between cryptocurrencies and everyday spending - announced that they have teamed up with payments processing technology provider i2c to launch the United States' first multiple cryptocurrency-backed prepaid card.
Fees: Depending on which MCO Visa card you choose, you'll be required to hold from 0 up to 50,000 MCO on your card for the first 6 months, 2% fee if the monthly ATM withdrawal limit is exceeded (over $200-$1000, depending on the card, otherwise free), 0.5% Interbank exchange fee if the limit is exceeded (over $2,000-$20,000 depending on the card).
You are now adding Bitcoin into your wallet, so later you can send them into whatever card you want. The idea behind the foundation of Wirex is to enable the customers to make payments either with cryptocurrencies or with traditional currency. Also, if you're interested in Bitcoin as a virtual currency and have no interest in using it as an exchange for goods - Wirex is not ideal.
In any case, the card's balance is linked to the Wirex currency account. On the other hand, she discovered that there are many cryptocurrency aficionados and a community willing to help support her in her endeavour. All are secure and have features like cold storage for cryptocurrency, traditional currencies, and multi-sig functionality.
Wirex has an innovative concept for the financial cryptocurrency world - it creates a bridge between Bitcoin and everyday life. To ensure that these opportunities can be explored to their fullest, illicit activity in cryptocurrencies must be identified to prevent criminals from undermining the trust that is so essential to any system.