Wirex Launches New Multi-Currency Mastercard

Digital payment platform Wirex is launching a Mastercard debit card in the U.K. and the European Economic Area (EEA), that supports 18 crypto and fiat currencies, the firm said in a press release on 9 March.

According to the announcement, Wirex customers in the U.K. and EEA can now start placing orders for the new multi-currency Mastercard, which supports real-time point-of-sale conversion, exclusive OTC exchange rates, free international ATM withdrawals, zero monthly fees and free fiat-to-fiat exchanges. The firm also revealed its users have shown great interest in the card, with its waitlist having reached 75,000 people. Mastercard’s Head of Fintech for U.K. and Ireland, Edoardo Volta, said in a statement:

“The cryptocurrency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy. Our work with Wirex is another example of how we are empowering consumers with more choice and peace of mind in the way they shop and pay.”

The new debit card also allows its users to instantly convert their crypto into fiat currency, which can be spent anywhere Mastercard is accepted around the world. With the launch of the Wirex Card, the firm also revealed its new rewards programme, X-tras, which not only allows users to receive up to 2% back from their purchase in WXT, but also includes a limited offer of up to 12% Savings Bonus on their WXT account balance.

Back in July 2020, Wirex became a principal member of Mastercard — enabling it to issue payment cards directly to its users — making it the first native cryptocurrency platform to be granted this status. Last month, Wirex partnered with Zero Hash, a FinCen-registered Money Service Business, which will enable Wirex to launch its services in the U.S., including its multi-currency card.