Blockchain Platform Wirex Releases Latest Version, Adds Ten New Fiat Currencies

Announcements, Blockchain, News | February 28, 2019 By:

Blockchain personal finance firm Wirex has released the latest version of its platform, dubbed Wirex 3.0.

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.

In its announcement, the firm said that Wirex 3.0 bridges the gap between crypto and traditional currency, “making it easier than ever to take control of all your money – whether you’re exchanging money for travel, spending your cryptocurrency in real life, sending funds around the world or earning free bitcoin while you shop.”

The updated platform will now offer customers in the European Economic Area (EEA) unconditional access to over-the-counter (OTC) rates for crypto exchanges, as well as access to traditional currency exchange at the interbank rate. The platform has also added support for 10 new fiat currencies, including the Hong Kong dollar, the Singapore Dollar and the Australian Dollar (AUD). In addition, the update includes a new transparent fees structure and “new ways to transfer in and out of your account using Faster Payments, SEPA and SWIFT.”

“It’s not just Wirex users in Europe who will benefit from 3.0,” the firm said. “We’re now able to bring these exclusive features to Wirexers in the APAC region and Canada. Users in these territories can enjoy Wirex accounts in their local currency for the first time, as well as the same unconditional access to OTC and interbank rates for crypto and FX exchanges respectively.”

In August 2018, Wirex obtained an e-money license from the UK Financial Conduct Authority (FCA), allowing the company to better serve its customers throughout the EEA, with less reliance on third parties.

“The license is a testament to the fact that Wirex is committed to pursuing and achieving the highest levels of diligence and integrity in its business operations,” Wirex co-founder Dmitry Lazarichev said at the time. “As the FCA’s role is to protect consumers, maintain the stability of the financial services industry and promote healthy competition between financial services providers, Wirex’s submission to the FCA’s jurisdiction should leave our 1.8 million users in no doubt that Wirex will provide them with a best-in-class platform and accompanying service.”