Wirex to launch Mastercard-enabled multi-currency card

The processing service Wirex announced the launch of a multi-currency card linked to 19 crypto and fiat assets.

We are beyond excited to announce our biggest ever product overhaul 🚀

All good things come in threes. And the first of our three-phase, revolutionary product overhaul will be made available to Wirex users in the EEA today.https://t.co/XK2HtjFEWW

— Wirex (@wirexapp) September 17, 2020

The card will be Mastercard-enabled. The official release date has not yet been announced, but Wirex has already begun preparing the service for users in the European Economic Area.

In the first phase, the startup updated its Cryptoback bonus program. While users previously earned up to 1.5% in BTC back for each transaction, the reward rate has now risen to 2%.

Earlier in July, Wirex gained licensed status as a participant in the Mastercard network. This allows the startup to issue payment cards within the system with automatic conversion of digital assets into fiat.

Previously, Wirex allowed verified Russian users to buy Bitcoin, ETH, LTC, XRP, DAI and WXT using debit and credit cards.

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