Wirex, a UK-based payments platform, announced on Monday it has secured Mastercard principal membership. Wirex claims it is the first cryptocurrency-native platform to secure the membership, which will enable Wirex to issue payment cards directly, offering even more convenience, reduced costs, and faster transactions on a platform that is striving to make all currencies equal.
“The partnership gives Wirex the opportunity to continue improving its cutting-edge services, offering customers the ability to instantly buy, hold, exchange and spend multiple traditional and cryptocurrencies at the best in-market rates, within one platform.”
Speaking about the membership, Pavel Matveev, CEO and Co-Founder of Wirex, stated:
“It has always been our vision to empower everyone to enjoy the advantages of a world where all currencies are equal, and this membership is a step in the right direction.” Matveev believes this is just the start of a series of exciting announcements for Wirex, “we’ve been working hard to develop a cheaper, faster and safer platform, and we’re excited to announce some revolutionary advancements over the next few months that will change the fintech and crypto spaces forever.”
Edoardo Volta, Head of Fintech of Mastercard UK and Ireland, then concluded:
“We are excited to be starting this new relationship with Wirex, offering consumers further choice and flexibility in the way they pay. We look forward to supporting Wirex in the delivery and growth of their innovative payment solutions.”
Founded in 2014, Wirex is a UK FCA-licenced global digital payment platform that has forged new rules in the digital money arena. The company also claims it is the only platform that allows access to OTC and interbank rates for crypto and traditional currency exchanges respectively, ensuring our users always get the best deal.