Wirex has obtained its very first money transmission license at the U.S., in which the business is currently gearing up to establish its own “next-gen cryptocurrency platform linked to a spending card.”
Wirex declared Friday it has obtained its original U.S. money transmission license and is currently preparing to start its services in the nation. The permit, issued from the country of Georgia’s Department of Banking and Finance on July 30 into Wirex USA, enables the enterprise to run a cryptocurrency exchange company from the nation.
The statement came following Wirex revealed it could be launching its own “next-gen cryptocurrency platform linked to a spending card in the U.S.” Wirex USA Managing Director Harold Montgomery commented: “The license in the state of Georgia is the first success in Wirex’s approach to providing fully compliant cryptocurrency management capabilities in the hands of its customers.” The UK.-based firm affirmed:
We’re planning to start our services in the usa in the coming months.
The provider states it serves 3 million clients across 130 nations and its own card may be used at over 54 million places Visa is approved. Wirex is regulated by the UK’s Financial Conduct Authority using a permit to issue cards from Europe.
Wirex currently supports 19 cryptocurrencies and classic currency pockets: USD, SGD, AUD, JPY, HKD, EUR, GBP, CZK, MXN, CAD, CHF, BTC, ETH, LTC, XRP, WXT, DAI, NANO and XLM. Additionally, it provides Cryptoback, a crypto rewards program that gives customers around 1.5% back in bitcoin for every single purchase generated in-store.
Last month, Wirex became the primary cryptocurrency-native platform to procure a Mastercard chief membership. The business clarified that this empowers Wirex to “issue payment cards directly, offering even more convenience, reduced costs and faster transactions on a platform that is striving to make all currencies equal.”
What would you consider Wirex’s U.S. growth? Tell us in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This guide is for informational purposes only. It’s not an immediate offer or solicitation of an offer to purchase or sellor a recommendation or endorsement of any goods, services, or businesses. Fintech Zoom doesn’t provide tax, investment, legal, or accounting information. Neither the organization nor the writer is liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services discussed in this report.