The Wirex non-custodial wallet and an investment in DeFi protocol, Nereus, position Wirex for further growth. The US launch will play a pivotal role in this, said the firm, which plans to roll out more features.
Wirex has launched its services in the Unites States as the digital payments platform wants to reach millions more people and offer them easy access to crypto and fiat currencies.
Distribution has begun on its debit card across America following partnerships with Zero Hash, Checkout.com, Visa and Sutton Bank.
Well established in the European Economic Area (EEA) and the Asia Pacific, catering to more than 4.5 million users, the London-based company eyes the US launch as its natural next step as it targets a mainstream audience.
Wirex offers users the ability to buy, hold, exchange and sell US dollars as well as 37 different cryptocurrencies. The mobile app is linked to a contactless Visa debit card, allowing customers to spend their cryptocurrency* online and in-store at over 61 million locations globally.
Additional features include free domestic and international ATM withdrawals, no annual fee, zero exchange fees, near instant crypto transactions, and live transaction notifications.
Wirex has also released an upgraded rewards scheme, X-tras, as well as a DeFi-powered interest-earning product, X-Accounts, which will both be available in the United States.
Harold Montgomery, Managing Director of Wirex USA, said: “We’re excited to be able to empower American consumers, whether a hardcore crypto-enthusiast or a novice fintech fan, to experience the benefits of a digital economy. US users have been demanding an alternative to traditional forms of payments that are antiquated, slow and non-transparent, and that’s where Wirex steps in. We’re known for upholding regulatory and licensing standards where required, and applying industry-best practices where regulations don’t yet exist. American customers can expect the same level of compliance.”
Edward Woodford, Chief Executive Officer of Zero Hash (which powers Wirex in the US), said: “This is an excellent time to enter the US market and Wirex is primed for success as cryptocurrencies gain momentum as a payment option. Recent studies confirm this with nearly 60 percent of US consumers wanting to pay with crypto to make everyday purchases. Our deep expertise in US regulations and our API-first approach makes us consistently the chosen partner for fintechs such as Wirex to expand to the US.”
The Wirex non-custodial wallet and an investment in DeFi protocol, Nereus, position Wirex for further growth. The US launch will play a pivotal role in this, said the firm, which plans to roll out more features.
