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The British fintech Wirex starts in the USA

 


Wirex, a leading UK-based fintech dedicated to making digital payments easy and accessible for crypto holders, has launched its services to the US market.


In an announcement published on Monday , the fintech firm said it is ready to bring the crypto-based payments experience to the US market.


" We're excited to give American consumers, whether die-hard crypto enthusiasts or novice fintech fans, the opportunity to experience the benefits of a digital economy, " noted Harold Montgomery, CEO of Wirex USA.


Montgomery said the company's values ​​of " adhering to regulatory and regulatory standards wherever necessary " will be key to its expansion across the country.


The fintech will also look to adopt industry best practices, so American clients will benefit from the " same level of compliance " as was introduced in the UK, he added.


The service enables both crypto and fiat currency transactions with a next-gen blockchain-integrated infrastructure that enables low-cost and secure fast payments.


With a Wirex debit card, customers can buy, hold and exchange cryptocurrencies and traditional currencies without exchange fees at more than 60 million locations around the world.


Blockchain integration enables on-chain transactions, meaning customers can send and receive digital assets from external wallets. Another benefit lies in the recent launch of a non-custodial wallet, giving users control over their holdings.


Visa and Checkout.com among partners

Wirex is offering its services almost a year after its failed launch in the US market, scheduled for April 2021.


The company has expanded its services in recent months following key partnerships with crypto infrastructure provider Zero Hash, payments giant Visa, Checkout.com and Sutton Bank.


According to Zero Hash, CEO Edward Woodford said entering the US market presents a tremendous opportunity for Wirex as cryptocurrencies gain traction for payments.


According to the announcement, Wirex is targeting over 300 million Americans.


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