Borderless payment platform Wirex has unveiled a new multi-currency Wirex Visa Travelcard that will allow customers across the Asia-Pacific region to “seamlessly spend multiple crypto and fiat currencies, and earn crypto rewards wherever they travel”.
All cryptocurrency exchanges to legal tender fiat currency takes place before users transact on the Visa network.
The card, which is compatible with more than 150 currencies, and enables holders to link multiple fiat currencies without extra fees, is accepted at 54 million outlets around the world where Visa is accepted.
It also pays customers up to 1.5 per cent back in Bitcoin on all in-store purchases through its Cryptoback programme.
Pavel Matveev, Wirex’s co-founder and CEO, said: “We have witnessed an explosion in demand for hybrid fiat and crypto-enabled banking alternatives in Asia-Pacific, where people need payments redesigned for the future, allowing them to unlock the value of their different currencies.”
He added: “The evolution of Wirex’s offering in Asia-Pacific represents more than just the next stage in the platform’s growth strategy; it is a tangible example of our mission to provide a genuine alternative to conventional financial services by connecting traditional and digital ecosystems on one borderless payment platform.”
To allow as many people as possible to experience the Wirex Visa Travelcard, Wirex is removing fees, including account management and traditional currency exchange fees, for a limited period.