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Wirex, a UK FCA-regulated digital money platform, has partnered with i2c, a provider of digital banking and payments processing technology, to launch a multicurrency travel card for the Asia Pacific region.
According to a press release, the Wirex travel card and app will allow travelers to buy, store, exchange and spend both cryptocurrencies and fiat currencies wherever they go.
Cardholders will have the control and flexibility over a range of digital and traditional (fiat) currencies, including USD, SGD, AUD, JPY, EUR, GBP, Bitcoin, Nano and Ethereum, among others. The Wirex card and mobile app supports more than 150 currencies, the release said.
"Wirex cardholders are now able to travel with multiple currencies to all of the countries they visit using just one card, as well as exchange their crypto to the currency of their choice," said Ava Kelly, SVP Product at i2c Inc. "We are pleased to have been able to help Wirex expand their business into Asia with such a highly differentiated and innovative offering that will enhance their customers' payment experiences when traveling."
As per the details, customers can fund their accounts by credit/debit card or crypto payment. In addition, they can earn up to 1.5 percent crypto rewards on all in-store purchases. Wirex travel card and app will help customers avoid costly travel exchange fees with unrestricted access to Over-the-Counter (OTC) and interbank rates.
"Wirex partnered with i2c because they have extensive experience with multicurrency wallets, are the only processor that can integrate both crypto and traditional currencies on a single platform, and have consistently delivered an effective and reliable service," said Pavel Matveev, co-founder and CEO of Wirex.
In Nov. 2019, Wirex launched Wirex Visa Travelcard – a multicurrency travel card which enables customers across the APAC region to seamlessly spend multiple crypto and fiat currencies, and earn crypto rewards wherever they travel.
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