Mobile Payments Provider Wirex Reports Profitability, Tops 3 Million Users

Wirex, a UK based payments platform, is reporting profitability while claiming over 3 million active users in more than 130 different countries. Wirex did not provide details on the profitability report as to whether it was for the full year of 2019, the most recent quarter, or something else.

Founded in 2014, Wirex allows customers to buy, store, exchange or spend both digital and traditional currencies. Wirex says it was the first company in Europe to offer its clients debit cards linked to cryptocurrency accounts, enabling blockchain and digital currency to finally enter the mainstream and become usable in everyday transactions.

Pavel MatveevWirex co-founder and CEO Pavel Matveev said they were extremely happy to have more than 3 million customers:

“We are seeing broad and widespread use of our Wirex card which gives our customers the ability to spend their cryptocurrencies wherever Visa is accepted.”

Wirex offers money transfers and the ability to spend 150 currencies in more than 46 million locations in 200 regions around the world, reports the company. Following its successful expansion across Europe and Asia, Wirex is planning to enter the US market later this year.

“Wirex was the first company to introduce a debit card allowing users to spend digital currency – and our customers have really embraced that capability. Customers use it for transport fares, groceries, restaurants and other everyday uses,” said Matveev. “This success shows that we’ve truly democratised access to cryptocurrencies by removing key barriers to usage and helping to bring the world ever closer to mass adoption.”

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