Wirex, together with i2c, a payments processing company, announced the launch of the first cryptocurrency prepaid cards in the US. The cards were initially available in Europe
Wirex, a provider of digital currency wallets connected to VISA debit cards that serve over 130 countries, will bring in prepaid cards to American consumers. BTC, ETH, LTC, and XRP can be exchanged with USD to fill in the cards for spending.
The service was initially offered in Europe where consumers were able to use the cards for seamless everyday spending. CEO of Wirex North America, Vroon Modgill, tells that McDonalds and major grocery stores are among the top European establishments where the cards were used.
How does it Work?
US-based customers can buy, store, and convert BTC, ETH, XRP, and LTC through the Wirex app or on a browser to top-up their cards. According to the company, this allows users to manage their digital and fiat currencies on a single, open platform.
Partnership with i2c
i2c of Redwood City, California is a payments processing platform that reaches 216 countries. Multi-currency and multi-purse technology are among the features of i2c’s payments solution. The platform’s mission is to impart tools relevant to the card issuer’s own payments system goal. Wirex says the mission matches their own making i2c an ideal partner.
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