How To Send Funds From Your Wirex AccountEXCLUSIVE—Crypto wallet provider Wirex will be expanding its services to several new markets in 2018, including the United States, CEO Pavel Matveev told Bank Innovation. Ahead of bitcoin's recognition as an official form of payment in Japan from Saturday, Wirex , the blockchain personal finance platform, has unveiled new measures to ensure Japanese citizens and customers worldwide can fully benefit from cryptocurrency liberalisation in the country.
Currently, users from the EEA can convert their BTC, ETH, XRP, LTC, WAVES, WLO, DAI, NANO and XLM into one of eleven fiat currencies: AUD, CAD, CHF, CNY, CZK, HKD, HUF, JPY, MXN, SEK, SGD. As cryptocurrencies Wirex are going increasingly mainstream, falling into the hands of everyday consumers, technology is developing fast to create cryptocurrency wallets that will keep digital assets away from cyber-criminals.
By uniting conventional payment infrastructure such as Swift, SEPA and Faster Payments with unrestricted access to interbank and Over-The-Counter (OTC) exchange rates, Wirex empowers people to spend, exchange and transfer their money with freedom and flexibility.
Unverified users can enjoy anonymity, something that not many other cards offer, but CryptoPay has three different tiers in regards to the documentation of your account, which will have an effect on your bank transfers, withdrawal and deposit limits.
The Wirex Visa card can be used to pay anywhere in the world in any currency of your choice while earning cryptocurrency as you spend with the Cryptoback rewards programme - the first company to offer a loyalty scheme that gives you 0.5% back in Bitcoin with every transaction.
The partnership follows hot on the heels of the launch of Contis' Buffer Account, and further demonstrates the business' power to drive structural change within the payments ecosystem through the innovative use of its legacy-free banking and payments platform and its ability to process real-time transactions on both UK and SEPA payment ‘rails'.
And compared to traditional banks, the fees are almost insignificant. It also states that Nexo is the only insured account in which you can borrow from over 45 fiat currencies. It is even branded by Visa, which means that all fiat transactions are processed across the Visa network and protected in the same way Visa credit card transactions are protected.
Furthermore, the daily amount of funds on the cards associated with GBP, EUR and USD currencies you can spend is £7,500; €8,000 and $10,000 respectively. You can fund your wallet with a bank transfer or a credit or debit card. Developed by a France based start-up, Ledger Nano S is one of the world's most popular hardware wallet to safely store your cryptocurrencies.
Elliptic has assessed risks for transactions worth several trillion dollars, enabling cryptocurrency exchanges, brokers, banks and other financial institutions across the world to prevent illicit activity and provide secure and trusted services. Wirex provides cryptocurrency digital wallets, plastic and virtual pre-paid Visa cards around the world.