Digital payments platform Wirex announced on Monday it has teamed up with Snowdrop Solutions to introduce location-enriched transaction services. According to Wirex, the service enables cardholders to readily see exactly where their transactions take place and provide a “greater level of transparency” for those transactions.
While sharing more details about the service, Wirex CEO and Co-Founder, Pavel Matveev, stated:
“Since creating Wirex in 2014, we’ve tried to make the often-confusing world of crypto more appealing for everyday users. Partnering with Snowdrop will give our customers access to even more cutting-edge and convenient financial features that add value to their lives, whilst bridging the gap between the traditional and digital economies.”
As previously reported, 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 the platform’s users always get the best deal. The platform recently raised £3,701,909 through its equity crowdfunding campaign on Crowdcube and it now has 3.5 million customers.