Crypto Debit Cards 2.0: Wirex Launches World-First CryptoBack Reward Programme

Wirex is a hybrid personal finance platform where cryptocurrencies and fiat currencies coexist to give customers total flexibility and freedom of choice when it comes to their money. The crypto wallet is linked to a fiat wallet that has a physical or virtual debit card attached to it.

Pavel Matveev, CEO of Wirex, says:

“We are extremely excited about this addition to our core offerings. The fact that we pay our CryptoBack rewards in Bitcoin means that crypto-curious people can start building up a cryptocurrency portfolio.”

The contactless Visa debit card, with the Wirex CryptoBack rewards feature, is the latest enhancement in the new Wirex 2.0 offering. Those, using Wirex’s Visa debit card, which can be used wherever Visa is accepted, now earn 0.5% back in Bitcoin from all in-store retail purchases. Whereas customers, who wish to spend their CryptoBack rewards, can choose the redeem option in the app and their rewards are credited to their Wirex Bitcoin wallet.

From there, customers can convert their crypto to fiat and spend it at their leisure.

Customers can also earn additional CryptoBack rewards when they refer people to the platform, and while there is a nominal monthly fee for the payment card, there is no fee to join the rewards programme.

Wirex crypto wallets are on an open platform, which means customers can buy, sell, and exchange their cryptos in or out of their accounts without restrictions.

Pavel Matveev, CEO of Wirex, says:

“We are leveraging our crypto know-how to redefine the payments landscape and are constantly working towards more innovation in this space,”

General information

• The card can be funded from a bank account and one can top up using a debit, credit card or crypto wallet;
• If a client loses the card it can be blocked on the app, or if both the phone and the card are lost;
• The card is valid for 3 years;
• To be approved for the card you need to become a Verified user by submitting a proof of address, however, more information may be required depending on client circumstances.

Disclaimer: The material in this publication may incorporate general background information about the Wirex group’s past and current activities and may contain forward looking statements regarding Wirex’s intent, belief or current expectations with respect to the business and operations of Wirex and the markets it operates in. The material contained in this publication is not a complete or comprehensive analysis of the matters it outlines and should under no circumstances be interpreted to be factual in nature, nor considered as advice or a recommendation in relation to the holding, purchasing or selling of anything referenced therein, whether such activity is regulated or otherwise. Readers should not place any reliance on anything set out in this publication and Wirex accepts no liability for any loss whatsoever, direct, indirect or consequential, arising from any decision made on the basis of any information or statement(s) made in this publication.