By
Tolu Ajiboye
April 8th, 2024
Wirex Limited has introduced the first two-way bitcoin debit card to enable users purchase the virtual currency and send their funds to anywhere around the world.
Wirex Limited, the UK-based financial services provider, has announced the launch of a new feature that will let customers to acquire digital currency using their 2-way bitcoin debit cards.
Wirex Limited is a hybrid personal banking platform, which combines traditional finance and distributed ledger technology. The company removes geographical limitations, allowing users to transfer funds to anyone from all over the world.
The customers can now use Wirex bitcoin debit cards to buy the cryptocurrency, as well as transfer funds to digital wallets linked to MasterCard and Visa. To enable domestic transfers, Wirex has partnered with a number of banks, including Lloyds, ING, the Royal Bank of Scotland and Barclays, which are located in more than 68 countries. Still, the company plans to add more supported banks in the near future.
“We have banking partners around the world that offer easy and low-cost transfers so we can provide you with a convenient way to buy bitcoin,” Wirex wrote in a blog post.
The new ‘buy bitcoin’ function will let people to top up their debit card accounts through bank transfers and alternative payment methods (APMs), such as Neosurf, PaySafeCard, Webmoney, Yandex, Alipay and Sofortuberwesing.
“We do not charge any fees for topping up your debit cards via Bank Transfer or Alternative Payment Methods, but our partner banks do charge for using their infrastructure,” Wirex stated.
The platform offers secure and immediate way to convert bitcoin into fiat currencies. The bitcoins are secured by multi-signature security provided by BitGo.
“We are now offering the ability to buy bitcoin from all over the world,” says Tim Frost, VP Marketing & Business Development at Wirex. “This is one of the many upcoming releases from the Wirex team. Offering our users much more than just a bitcoin debit card, but a variety of services that are complimentary is our goal.”
In order to purchase the virtual currency via the Wirex platform, you have to own an E-Coin account or Wirex debit card, available in virtual and plastic. The minimum purchase amount is 0.01 BTC.
The company has recently rebranded from E-Coin to Wirex, what will reinforce its position as a professional provider of personal banking solutions to users all over the globe.
Wirex is going to move all cards, users and their accounts to the new wirexapp.com platform until the full launch in April 2016. The integration process will not affect customers, who can continue using the services as usual.
Wirex is committed to close the gap between traditional and digital currencies for everyday financial operations. Launched in 2014, it now serves more than 100,000 clients in over 130 countries worldwide. Wirex debit cards are now accepted at millions of ATMs and stores around the world.