British cryptocurrency start-up Wirex has received the go-ahead from Mastercard to issue its own payment cards

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British cryptocurrency start-up Wirex has received the go-ahead from Mastercard to issue its own payment cards

Mastercard announced the expansion of its cryptocurrency program, making it easier and faster for partners to bring secure, compatible payment cards to the market.

mastercard
MasterCard

In this regard, the company encouraged all partners involved in the cryptocurrency and cryptocurrency sectors to join the Mastercard Accelerate program, which provides new brands and fintech startups with access to everything that is necessary for their rapid growth.

Another important announcement was also made. British startup Wirex became the first native cryptocurrency platform to receive full membership in the Mastercard payment system, which allows it to issue payment cards directly.

Regulated by the UK Financial Conduct Authority and licensed to issue cards in Europe, Wirex has been actively expanding over the past 18 months with a successful expansion in the Asia-Pacific region and the issuance of its own Wirex token (WXT). A little later this year, the company plans to launch a new generation of Wirex cards for customers in Europe, with support for additional fiat currencies and free ATM withdrawals around the world. Wirex also plans to start issuing corporate cards for Wirex Business customers.

Expanding the Crypto Card Partner Program, Mastercard simplified approval processes to reduce time to market for partner products while maintaining a commitment to collaborative principles that include strong consumer protection and equal rights for all market participants.

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