Wirex is a hybrid blockchain platform that offers Cryptocurrency exchange services, and wallets that are linked to physical and virtual visa cards. The financial technology network was established in 2014 by founders Dmitry Lazarichev, and Pavel Matveev. Its head offices are in London UK, but since the services are global, it has strategic offices in Singapore, Tokyo-Japan, Kiev-Ukraine, Delaware-USA, and Toronto-Canada.
Wirex has been steadily growing. Currently, the platform transacts $2 billion daily and it has over 1.8 million subscribers in more than 150 countries. The steady growth has been possible because of the following features;
Wirex supports the use of multiple currencies that range from Cryptocurrencies to Fiat money. In regards to Digital Currencies, the platform has secure e-wallets that can receive deposits and execute funds transfer. These storages include;
- Bitcoin (BTC) Wallet
- Litecoin (LTC) Wallet
- Ripple (XRP) Wallet
- Ethereum (ETH) Wallet
One of the reasons why the platform is so popular is particularly because of the LTC Wallet that has a first of a kind functionality.
Meanwhile, there are also fiat-based e-wallets including;
- US Dollar Wallet
- Great Britain Pound Wallet
- Euro Wallet
These wallets make it easier for users who wish to manage their financial portfolios for shopping convenience online or physical shops and also to trade in Wirex Crypto exchange. The wallets can also accept over 50 Cryptocurrencies in addition to the instant conversion of XRP, USD, GBP, BTC, LTC, ETH, and EUR.
All the wallets can support intra-platform funds transfer hence depicting a traditional banking technology. They are also designed to facilitate instant and secure instant transfer or payments receipts for any business’ needs. The e-wallets are also scalable.
E-wallet Security features have state of the art designs such as two-factor authentication, AES-256 encryption private keys encryption, and segregated accounts protection.
Wirex Crypto Exchange
Wirex can link with mainstream bank cards to offer Crypto-Fiat exchange services. The option available on the exchange includes trading of BTC, LTC, XRP, ETH, on one hand, and EUR, USD, and GBP on the other.
The prices are real-time and a buyer is able to get the market value of the coin. Further, there are no fees or commission charges for the services. The platform has a user-friendly interface designed to enhance the experience of users as beginners or seasoned investors.
Wirex Visa Card
The Wirex Visa card is the first of a kind that is built for spending 50+ Cryptocurrencies like fiat money while also offering the utility of conventional visa cards. All that a cardholder needs to do is to configure the card by connecting it to a wallet of choice for free.
The card has a reward feature dubbed as Cryptoback that gives 0.5% in BTC every time a cardholder uses the visa debit card to shop.
Other features of the card are as follows;
- Sort code and account number for GBP and EUR accounts.
- IBAN number for low-fees international bank transfers.
- ATM withdrawal.
- PCI-DSS level 1 certification.
- Card freezing in case of a loss.
Wirex is also available as an app for Android, and iOS.
Wirex is accredited with an e-money license by the Financial Conduct Authority (FCA), making it one of the three Crypto/Fiat payment companies in the world to be qualified to offer these services.