Cryptocurrency

Wirex to issue Mastercard with support for 19 cryptoassets and fiat currencies

Wirex has announced a multi-currency payment card with support for 19 cryptoassets and world currencies, which will be issued with the approval of the Mastercard payment system.

The issuer of cryptocurrency debit cards Wirex, which became the first cryptocurrency company to receive the right to directly issue Mastercard payment cards to its customers, announced the issuance of a multi-currency payment card. The Wirex Card will be issued backed by Mastercard and linked to 19 accounts in the Wirex app. No official release date has been announced yet.

In an effort to encourage the use of cryptocurrency for day-to-day payments, the company is also modernizing its existing Cryptoback rewards program. Under the program, users receive up to 1.5% of the amount of each purchase in BTC back to their account. Now cashback will be increased to 2% for online and offline purchases.

Ahead of the launch of the payment card, Wirex is also rolling out several other new features in partnership with payment solutions company LHV. In the European Economic Area, new features include support for five currencies: Croatian kuna, Czech koruna, Polish zloty, Romanian leu, and Hungarian forint.

Wirex is regulated by the UK Financial Conduct Authority (FCA) and is licensed to issue payment cards in the EU. The service allows users from 130 countries to spend their cryptocurrencies and fiat currencies using a Visa payment card and a mobile application.

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