{"id":27827,"date":"2020-08-27T17:32:38","date_gmt":"2020-08-27T14:32:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27827"},"modified":"2025-08-26T23:20:46","modified_gmt":"2025-08-26T20:20:46","slug":"wirex-selects-new-debit-card-provider-to-replace-wirecard","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/wirex-selects-new-debit-card-provider-to-replace-wirecard\/","title":{"rendered":"Wirex selects new debit-card provider to replace Wirecard"},"content":{"rendered":"<p>British online-banking platform Wirex has entered into a partnership with Railsbank to issue debit cards that support cryptocurrencies in the Asia-Pacific region. The previous provider was the bankrupt German company Wirecard.<!--more--><\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">It is our pleasure to announce that we\u2019ve teamed up with renowned open <a href=\\\"https:\/\/twitter.com\/hashtag\/banking?src=hash&#038;ref_src=twsrc%5Etfw\\\">#banking<\/a> platform, <a href=\\\"https:\/\/twitter.com\/railsbank?ref_src=twsrc%5Etfw\\\">@railsbank<\/a>!<\/p>\n<p>\\n<\/p>\n<p>Railsbank is now responsible for issuing Wirex cards to our ever-growing customer base in Asia-Pacific. \ud83d\ude80<a href=\\\"https:\/\/twitter.com\/hashtag\/WirexAPAC?src=hash&#038;ref_src=twsrc%5Etfw\\\">#WirexAPAC<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/CryptocurrencyNews?src=hash&#038;ref_src=twsrc%5Etfw\\\">#CryptocurrencyNews<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/Payments?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Payments<\/a><a href=\\\"https:\/\/t.co\/Ti9Z6SswDM\\\">https:\/\/t.co\/Ti9Z6SswDM<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Wirex (@wirexapp) <a href=\\\"https:\/\/twitter.com\/wirexapp\/status\/1298545721512284161?ref_src=twsrc%5Etfw\\\">August 26, 2020<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n<\/p>\n<p>According to the press release, Wirex cards belonging to existing customers in the region will be automatically migrated to Railsbank.<\/p>\n<p>\\n<\/p>\n<p>Wirex said that the platform&#8217;s prepaid cards allow spending in up to 20 fiat and digital currencies at more than 54 million points of sale worldwide.<\/p>\n<p>\\n<\/p>\n<p>The platform&#8217;s user base has reached 3 million customers, largely due to rapid growth in the Asia-Pacific region, the firm noted.<\/p>\n<p>\\n<\/p>\n<p>Railsbank&#8217;s head of sales, Louisa Murray, said that migration preparation took less than 45 days. She added that many companies are now approaching the firm with similar requests.<\/p>\n<p>\\n<\/p>\n<p>For details on how Wirecard, ranked among the top 30 German companies by market capitalization, ended up with a \u20ac2 billion hole and went bankrupt, read ForkLog:<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"hH0m5z7Tga\\\">\n<p><a href=\"https:\/\/forklog.com\/en\/news\/how-wirecard-collapsed-dubious-clients-forged-reports-and-a-e2bn-hole\">How Wirecard collapsed: dubious customers, fake reports and a \u20ac2 billion hole<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u201cHow Wirecard collapsed: dubious customers, fake reports and a \u20ac2 billion hole\u201d \u2014 ForkLog\\\" src=\\\"https:\/\/forklog.com\/exclusive\/kak-ruhnul-wirecard-somnitelnye-klienty-poddelnye-otchety-i-dyra-na-e2-mlrd\/embed#?secret=NEQCOJTGsu#?secret=hH0m5z7Tga\\\" data-secret=\\\"hH0m5z7Tga\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p>\\n<\/p>\n<p>In July, Wirex became the first native cryptocurrency platform to receive licensed participant status in Mastercard&#8217;s network.<\/p>\n<p>\\n<\/p>\n<p>Follow Forklog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British online-banking platform Wirex has partnered with Railsbank to issue debit cards that support cryptocurrencies in the Asia-Pacific region. The previous provider was the bankrupt German company Wirecard.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1858,833],"class_list":["post-27827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-wirecard","tag-wirex"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=27827"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27827\/revisions"}],"predecessor-version":[{"id":27828,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27827\/revisions\/27828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=27827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=27827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=27827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}