Dash, the top digital currency for payments, announced on Monday it will soon be integrated into crypto-banking platform, Wirex, allowing customers to pay with Dash online and in-store at over 40 million merchants accepting VISA worldwide.
According to Dash, the integration means Wirex plastic and virtual cardholders can fund their accounts with Dash, link their Dash wallet, and use the payment card just like a standard VISA debit card. Upon any purchase, Wirex customers will have the payment amount automatically converted from the national denomination to Dash, and then withdrawn from their digital currency holdings. The business partnership also enables Wirex customers the ability to withdraw cash at any ATM, using their Dash, in 210 countries
The business partnership also enables Wirex customers the ability to withdraw cash at any ATM, using their Dash, in 210 countries across the world. CEO of Dash Core, Ryan Taylor, stated:
“Wirex is a premier brand for digital currency services, and supports the world’s largest base of digital currency funded pre-paid cards. We’re excited to bring the benefits of Dash’s low cost instant transactions to these users. Consumers simply don’t like waiting for transactions to top up debit card balances, and I know that once Wirex consumers try Dash they will recognize the time-saving user experience our network provides at a fraction of the fees to which they are accustomed. It really is a win for consumers, Wirex, and Dash.”
Wirex is notably backed by Japan’s biggest FinTech fund, SBI Holdings, which is headed by industry star, Yoshitaka Kitao. Serving over 800,000 customers in 130 countries, Wirex has notched up $1 billion USD in customer transaction and is seeking an e-money license in the UK. Pavel Matveev, CEO of Wirex, shared:
“Wirex is thrilled to be the largest provider of Dash payments cards in the world. Our integration with Dash signals an important milestone in the history of cryptocurrency mass adoption. Wirex customers will be the first to spend Dash up and down the high street, or online, as simply as spending any national currency. Dash’s low transaction costs and fast transfer times means customers now have significantly greater flexibility and opportunity to spend cryptocurrencies around the world.”
Despite the historic surge in the total value of the digital currency industry this year, accessibility has remained a recurring issue. Matveev also noted:
“Wirex bolsters accessibility to digital currency on a global scale, and we now want to spread Dash adoption and further introduce Dash to the mass market. The Wirex payment card is the gateway to cryptocurrency mass adoption and we are providing a simple method to incorporate Dash into the everyday life of communities around the world. Buying everyday groceries, a glass of beer or even a brand new car is now possible with the Wirex-Dash partnership.”
Taylor then added:
“There has been a great deal of demand in the market for Dash, especially in 2017. It is becoming the payment network of choice for many products and services, and it’s largely because our InstantSend feature ensures transactions are confirmed and settled in seconds. Customers can send and receive tokens instantaneously, negating issues of any price swings, and merchants enjoy less fees, and no wait times.”