Blockchain Payment Firm Wirex, i2c Partner To Launch Multi-Currency Travel Card

Blockchain, News | January 3, 2020 By:

Blockchain personal finance firm Wirex has teamed with digital banking and payments processing tech provider i2c to deliver a multicurrency travel card for the Asia Pacific region.

Wirex provides crypto wallets which are also linked to physical and virtual VISA debit cards. It serves more than 900,000 customers in over 130 countries and has an e-money license in the UK. Wirex operates in partnership with SBI Holdings in Japan as SBI Wirex Asia.

Founded in 2001, i2c’s next-generation technology helps organizations drive revenue growth, scale and adapt to change while supporting millions of users in more than 200 countries and territories and all time zones.

In a press release, Wirex said that the multicurrency travel card is a hybrid personal banking alternative that integrates the benefits of blockchain technology into everyday finances. Wirex travel card and app reportedly allows consumers to buy, store, exchange and spend both crypto and traditional currencies wherever they travel.

“The Wirex card and mobile app gives cardholders flexibility and control over a range of digital and traditional (fiat) currencies, including USD, SGD, AUD, JPY, EUR, GBP, Bitcoin, Nano and Ethereum, among others,” Wirex said. “In addition to having the power to manage their own currencies and track payments in-app, customers can fund their accounts by credit/debit card or crypto payment, earn up to 1.5 percent crypto rewards on all in-store purchases and avoid costly travel exchange fees with unrestricted access to Over-the-Counter and interbank rates.”

Pavel Matveev, co-founder and CEO of Wirex, said that they partnered with i2c because they have extensive experience with multicurrency wallets, are the only processor that can integrate both crypto and traditional currencies on a single platform, and have consistently delivered an effective and reliable service.

Ava Kelly, SVP Product at i2c, said that Wirex cardholders are now able to travel with multiple currencies to all of the countries they visit using just one card, as well as exchange their crypto to the currency of their choice.

“We are pleased to have been able to help Wirex expand their business into Asia with such a highly differentiated and innovative offering that will enhance their customers’ payment experiences when traveling,” Kelly said.