Wirex expands partnership with Visa

The cryptocurrency platform Wirex has signed a long-term strategic partnership with the payments giant Visa.

We’re very pleased to announce our long-term strategic global partnership with @Visa! This allows us to innovate further and collaborate in major markets across the globe.

Read on to learn more about this epic move: https://t.co/WWXeEo9ziZ pic.twitter.com/LyFj6lkoRd

— Wirex (@wirexapp) February 13, 2023

The new partnership will allow the British startup to issue debit and prepaid cards in more than 40 countries, including the Asia-Pacific region (APAC) and the United Kingdom.

The parties have been collaborating since 2015, when Wirex became the first company to issue a cryptocurrency Mastercard card. The product allowed users to pay for purchases with digital assets at 80 million points of sale and offered cashback of up to 8%.

Wirex expects that the new partnership with the payments giant will spur business growth in the APAC region.

In the near term, the company will announce a significant initiative regarding Australia.

Back in March 2022, Wirex launched multicurrency Mastercard with support for digital assets in the United Kingdom and the EU.