Crypto payments platform Wirex partners with Visa to expand its customer base in the Asia-Pacific and United Kingdom regions.
According to the agreement, Wirex will become a U.K. and APAC Visa member, enabling the crypto payments firm to extend its services to 40 countries.
Wirex to Tap Tech-Savvy and Increasingly Affluent APAC Customers
Wirex’s debit and prepaid cards поддршка на плаќања in over 250 cryptocurrencies, including Bitcoin, Етер, Litecoin, MKR, DOT, СОЛ, и МАТИК. It added ALGO to its payment options in July 2022.
The new Visa partnership allows Asian consumers to spend crypto at a growing number of APAC merchants. More than half of the region’s population have become active internet users as of August last year. Up to seven percent of an APAC resident’s investment portfolio is allocated to crypto, Forbes проценки.
Crypto payments also привлекување на a more affluent clientele who otherwise would not patronize a retailer. A recent BitPay report suggested that Bitcoin was used for large purchases in 2022, increasing the likelihood of wealthy customers frequenting a retailer accepting Bitcoin payments.
In addition to expanding Wirex’s footprint into the burgeoning APAC market, the Visa partnership wants to capitalize on Wirex’s large U.K. market of 5 million customers. According to its whitepaper, Wirex is registered with the U.K.’s Financial Conduct Authority according to Electronic Money Regulations 2017. Wirex also has a presence in the United States.
Source: https://beincrypto.com/visa-wirex-partner-crypto-cards-apac-uk/