Crypto Banking Platform Wirex Integrates Dash

Announcements, FinTech, Now Accepting | October 3, 2017 By:

Blockchain personal finance platform Wirex has teamed with Dash Core to integrate the Dash cryptocurrency into the Wirex payment cards.

Wirex offers a hybrid banking platform as well as pre-paid virtual and plastic cards which can be topped up with conventional currencies and cryptocurrencies. The platform allows users to instantly exchange digital currency for fiat currencies, including USD, EUR or UK pounds, on an application. These funds can then be spent on a Visa or MasterCard network for cash withdrawals at ATMs or when purchasing goods at member merchants.

The partnership will allow Wirex plastic and virtual cardholders to fund their accounts with Dash, link their Dash wallet, and use the payment card just like a standard VISA debit card. Upon any purchase, Wirex customers will have the payment amount automatically converted from the national denomination to Dash, and then withdrawn from their digital currency holdings. It will also enable Dash users to withdraw cash at any ATM, using the Wirex card, in 210 countries across the world.

“Wirex is a premier brand for digital currency services, and supports the world’s largest base of digital currency funded pre-paid cards, said Dash Core CEO Ryan Taylor. “We’re excited to bring the benefits of Dash’s low cost instant transactions to these users. Consumers simply don’t like waiting for transactions to top up debit card balances, and I know that once Wirex consumers try Dash they will recognize the time-saving user experience our network provides at a fraction of the fees to which they are accustomed. It really is a win for consumers, Wirex, and Dash.”

Wirex said it will activate a fully-featured Dash wallet so customers can store, exchange and send their Dash funds online.

“Wirex is thrilled to be the largest provider of Dash payments cards in the world, said Wirex CEO Pavel Matveev. “Our integration with Dash signals an important milestone in the history of cryptocurrency mass adoption.”

Matveev added that Wirex customers will be the first to spend Dash up and down the high street, or online, as simply as spending any national currency. He said that “Dash’s low transaction costs and fast transfer times means customers now have significantly greater flexibility and opportunity to spend cryptocurrencies around the world.”

“Buying everyday groceries, a glass of beer or even a brand new car is now possible with the Wirex-Dash partnership,” Matveev said.

Earlier this year, Wirex raised $3 million in a Series A funding round led by the Japanese conglomerate SBI. The company is also seeking an e-money license in the UK.

Dash is the sixth-largest cryptocurrency by market cap after bitcoin. Dash’s market cap currently amounts to $2.2 billion.