Wirex, SBI Holdings to Roll Out Japanese Crypto Payments Card

Announcements, Blockchain | October 24, 2017 By:

Blockchain personal finance platform Wirex has teamed with Japan’s FinTech investor SBI Holdings to establish a new Asia-focused joint venture, SBI Wirex Asia. The new venture will deliver a Japanese cryptocurrency payment card and create joint businesses, benefiting from Wirex’s expertise in distributed ledger technology (DLT), payments, and cryptocurrencies, while SBI will provide support, scale and Asian market relationships.

The parties will work closely together to ensure Japanese customers benefit from Wirex’s global community and expertise with the support of SBI Wirex Asia.

Wirex CEO Pavel Matveev said their new relationship with SBI Holdings enables them to deepen their position in the country to offer new Japan and Asia-focused products and services.

“Japanese customers are our most enthusiastic supporters and use our VISA-backed cryptocurrency debit card more regularly than anywhere else in the world,” said Matveev. “They deserve a Yen-denominated card soon, and we will deliver it to them.”

Wirex Japan CEO Wataru Kojima said the SBi partnership will offer Japanese customers much improved choice and flexibility when it comes to cryptocurrency payments.