i2c Teams Up with Wirex, Expands Prepaid Crypto Card to the US

The digital payment and banking technology provider, i2c announced a partnership with Wirex, a prominent borderless cryptocurrency and fiat payment company, yesterday for the expansion of its prepaid multi-currency debit card in the US market.

Recently, Wirex launched its prepaid crypto-enabled payment cards in the EU region. Through the expansion in the US market, the financial services firm is planning to meet the growing demand for products related to crypto payments.

“Wirex’s hybrid payments alternative integrates blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology on i2c’s platform to enable US customers to buy, store, exchange, and spend both USD and up to 30 cryptocurrencies at over 80 million merchant locations globally. Accounts can be easily funded by debit card top-up payments and additional features include no annual fees, zero exchange fees, near-instant crypto transactions and live transaction notifications,” i2c noted in a press release.

Amid a jump in the adoption of cryptocurrency assets, Wirex expanded its offering substantially in 2021. In December last year, the company announced the launch of 5 new stable coins on its platform. Created in 2014 by Pavel Matveev and Dmitry Lazarichev, Wirex has more than 4.5 million customers across 130 countries.

Payments

The launch will facilitate Americans in payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term through multiple fiat and cryptocurrencies. According to Pavel Matveev, the Co-Founder, and CEO of Wirex, the launch is an important step towards the company’s expansion plans in the US market.

“We’ve been working with i2c for over four years now and have been able to quickly evolve into a global platform using i2c’s single codebase. With i2c, we’re able to redefine payments and travel for cardholders around the world,” Matveev said.

“Demand for the Wirex card has been growing globally, and we’re pleased to be able to support their multi-currency debit card to elevate payments experiences in the US,” commented Amir Wain, the Founder, and CEO of i2c Inc.