Wirex and Visa expand partnership to drive Web3 payment adoption

Wirex, the go-to Web3 money app, and Visa, the global leader in digital payments, are joining forces to make using digital currencies even more seamless in the UK and the European Economic Area (EEA).

„With this partnership, Wirex and Visa aim to make paying with digital currencies easier and more reliable. By combining Visa’s trusted payment network with Wirex’s innovative products, you can expect a smoother and more secure way to manage your money.” -according to the press release.

„One of the most exciting parts of this collaboration is the launch of Wirex Pay. This new payment chain, developed by Wirex, is designed to change the way you handle and spend both crypto and traditional currencies. Wirex Pay aims to simplify your transactions, allowing you to move between blockchain technology and traditional finance effortlessly.” – the company explained.

Sviatoslav Garal – Global Head of Payments at Wirex, remarked, „Being among the few crypto-native companies licensed by Visa for card issuance, and notably the first principal member of Visa Network in Europe, emphasizes Wirex’s pioneering role in the financial industry. At a time when the financial world is boldly moving towards Web3 and decentralisation, the need for robust solutions for global funds movement remains essential. Key ecosystem players like Visa play a tremendous role in this shift. Wirex, a renowned innovator in both Web3 and traditional finance, is thrilled to partner with Visa in bridging the gap between these two spaces.„

„Partnering with Wirex to help integrate blockchain technology with traditional finance, including the launch of Wirex Pay, aligns closely with our vision for the future of payments while highlighting the importance of collaboration in driving fintech innovation.,” said Cuy Sheffield – Head of Crypto at Visa.