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 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 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.
