Payments Fintech Wirex has launched its crypto platform in Vietnam, according to a company statement. Simultaneously, Wirex reports that it has increased the range of its services in 81 other countries.
Wirex enables both traditional and digital services for approximately 4 million users. Customers may buy, hold, exchange, and sell up to 43 traditional and crypto assets. Wirex also offers a “crypto enabled” debit card.
Wirex says it has increased its offerings in the APAC region and built on its offerings in other regions like India, Russia and Ukraine.
Wirex also offers its “X-Accounts” a feature that enables customers to earn up to 16% interest back on their funds, with zero fees, the ability to withdraw at any time and no minimum deposit.
Wirex claims that as of September 2021, over $40 million has already been deposited in X-Accounts, which is expected to grow as they introduce this offering to more people.
“Since founding the company in 2015, we’ve endeavoured to become the leading crypto payments platform. Growing the number of people that can access our revolutionary services and developing the range of services on offer will only solidify this vision further,” said Pavel Matveev, the CEO and Co-Founder of Wirex. “We’re now empowering even more people around the globe to utilise crypto in the everyday by democratising access to our industry-leading product. For countries such as India, Nigeria and Benin with a large population of unbanked, we expect there to be a huge demand for Wirex’s services as we help to bring these people into the financial system.”
In the UK, Wirex has paused certain services due to guidance from the UK Financial Conduct Authority.