VISA Launches Bitcoin and Crypto Cards in 40 Countries in UK and APAC

Wirex, a leading cryptocurrency payments platform, has announced a long-term strategic partnership with payments giant Visa (NYSE:V) to expand its footprint in the UK and Asia Pacific (APAC).
As part of the
partnership, Wirex will issue crypto-enabled debit cards and prepaid cards for assets such as Bitcoin (BTC) directly to over 40 countries, the crypto payment company said in his Feb. 13 press release. said in his release.

This partnership will support further cooperation between the two countries in important markets such as Europe, the US and APAC.

Expansion of Crypto Payment Services
This development marks another milestone for Wirex, which is growing rapidly in APAC, with over 5 million customers worldwide, with the UK as its largest customer base. It is hoped that this partnership will make the benefits of crypto accessible to more people. “By connecting digital currencies to our network of banks and merchants, Visa hopes to give consumers more payment options. We look forward to Wirex expanding its focus to the Asia-Pacific region, enabling people to easily and seamlessly use their cryptocurrency balances at millions of merchants in the region that accept Visa. ” on a visa.

Elsewhere, Wirex APAC Regional Managing Director Svyatoslav Garal showed that Visa's security and innovation will help the company create the next generation of apps and cards.

Although its main customer base is in the UK, it is worth noting that Wirex withdrew from the Financial Conduct Authority (FCA) temporary registration scheme in this region before the full registration deadline. We serve UK-based clients through our subsidiary.

Indeed, Wirex has long had a clear global expansion plan. This is aided by a large inflow of funds from various lenders.

Visa Crypto Expansion
At the same time, Visa is entering the crypto space, with several products to be launched after the company files for the Crypto Wallet and Metaverse trademarks.

In 2022, United Arab Emirates (UAE) company will offer crypto-backed debit cards in 40 countries, along with partnership with now-defunct crypto exchange FTX We also launched an unlimited bitcoin card.