Wirex to Launch Cryptocurrency Debit Cards in Asia During Q2 2018


Being able to easily find places to shop with bitcoin is a crucial step for actual adoption. While not really using the cryptocurrency as it is intended to, topping up debit cards with bitcoin allows spending your holdings while bypassing the need for merchants to learn a new payment system and just use the same old methods they are used to. With Wirex card spending coming back to Asia, bitcoin investors in the region will soon have another such option for something other than just trading.


Asian Bitcoin Cards

Wirex to Launch Cryptocurrency Debit Cards in Asia During Q2 2018London-headquartered bitcoin wallet and card company, Wirex has revealed it will launch contactless debit cards for spending money that has been loaded from cryptocurrencies and its first ever multi-currency accounts for speedy exchange between bitcoin and fiat (SGD, GBP, EUR, USD) in Asia during the second quarter of 2018. Wirex Cards in Asia are said to offer 3D Secure support for safe online payments as well as physical and instantly available virtual debit cards.

Wirex has offices in Tokyo and Singapore, and last year received a $3 million investment from Japanese institutional investor, SBI Group. As such it is not surprising it will focus on further expending its offering in the worlds most populated continent, beginning with Japan and Southeast Asia.


Making Bitcoin Spending Easier

Last week Wirex launched debit crypto cards for its customers in the European Union. The new cards were made available in the UK since March 8, and the roll out for other EU countries is to last until the end of May. The company believes that phasing-in delivery by regions ensures a stable and secure service globally.

Pavel Matveev, the companys CEO, said: Wirex is bringing to Asia the first ever multi-currency accounts and cards for spending cash converted from cryptocurrencies, making everyday purchases much simpler. Our cards are great for transactions in stores, buying goods online or withdrawing money from ATMs. We were the first to bring such cards to the world and now were the first to bring multi-currency accounts with new contactless debit cards to Asia. Were pleased to let our Asian customers know here that cryptocurrency spending just got much easier.

16.03.2018 / 08:50 61
Indias HDFC Joins List Of Banks Banning Crypto Purchases Via Card Indias HDFC Joins List Of Banks Banning
Major Indian private lender HDFC Bank followed J.P. Morgan and Citibank in banning of crypto-purchases with bank cards. Indias HDFC Bank, the
Controversial Monaco Debit Card Progresses After 2 Years Of Delays Controversial Monaco Debit Card
Controversial Bitcoin debit card issuer Monaco has finally begun closed beta testing after almost two years of development. MCO Token Spikes After
Wirex Launching Bitcoin Debit Cards in Europe Wirex Launching Bitcoin Debit Cards in
New crypto debit cards, with multiple currency accounts in GBP, EUR, USD, and BTC are offered by Wirex in Europe. The first plastic Visa cards were
Germany: Blockchain Service Bitwala Introduces Crypto-First Banking Germany: Blockchain Service Bitwala
German Blockchain-based payment service Bitwala is launching a banking service with debit cards. This article previously stated that Bitwala's new
New Cryptocurrency Debit Card Harnesses AI To Give Customers The Best Deal New Cryptocurrency Debit Card Harnesses
The financial cryptocurrency platform is using their unique payment card which utilises AI for the most valuable purchases in real time. Sponsored
Litecoin Price Posts Lonely Decline as LitePay Debit Card Launch Fails Litecoin Price Posts Lonely Decline as
The Litecoin price posted a lonely decline on Tuesday after LitePays much-anticipated debit card launch was scrubbed at the last minute and delayed
Comments (0)
Add a comment
Comment on