Wirex Makes Crypto Payments Widely Available
Wirex, a cryptocurrency debit card provider from the UK, introduces IBAN support for all EUR accounts. From now on, cardholders in European Economic Area (EEA) will be able to make crypto payments, using directly their accounts.
Crypto friendly solutions
IBAN (International Bank Account Number) is an identification numbering system for bank accounts from around the world. Each IBAN is a unique string of characters, containing a country code, domestic bank account number and multiple identifiers. It helps to simplify international transactions.
The Wirex company, on the other hand, is a popular credit card providing startup, founded in London around 4 years ago. It has been proven crypto-friendly when it introduced cryptocurrency debit cards after such service was suspended by Visa, the credit card giant. Wirex cards (both physical and virtual) allow their holders to spend several big cryptocurrencies (Bitcoin, Litecoin, Ethereum, Ripple) at online stores and service providers. It’s possible because of the instant conversion into one of three leading fiats – British pound, euro and US dollar.
IBAN functionality is out!
Some time ago, on the Wirex website, the upcoming improvement for the company’s clients was announced. The startup declared an innovation for all European crypto users. After a trial in Spain and France, IBAN was promised to be available in all EEA countries in the upcoming weeks. After over 2 months, Wirex made it possible for all EEA cardholders to use the new IBAN functionality.
Now, it is possible to fund accounts by simple bank transfers, as well as by credit or debit card. It is certainly an important improvement for the cryptocurrency community. IBAN makes it easier to make crypto purchases and receive crypto payments from friends and family, without worrying about enormous fees and international transfers.
Image by Piotr Swat
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