After conducting a crowdfunding campaign that crushed expectations, Wirex has launched a waitlist for their highly anticipated Mastercard-supported card that will be linked to 19 crypto and fiat currency accounts in the Wirex app. Cardholders will soon have the ability to seamlessly spend multiple cryptocurrencies and fiat currencies at any location that has Mastercard support.
Wirex Mastercard Waitlist
Wirex, a fintech powered digital payments platform, recently announced that they will be launching a waitlist for their multicurrency card that avails users to spend fiat and cryptocurrencies at any location that has Mastercard support. The announcement comes only a week after Wirex experienced a record crowdfund of £3.7 Million. The company initially planned to raise £1.0 Million through the crowdfunding campaign, but soaring investor demand resulted in a raise that exceeded expectations by nearly ~ 370%.
Pavel Matveev, the co-founder and CEO of Wirex commented on the companies most recent developments stating that:
“Since becoming the first-crypto native platform to achieve principal membership with Mastercard, and hinting at the launch of a revolutionary new Wirex Mastercard card in the EEA region, there has been an overwhelming response from users wanting to be the first to get their hands on the product. It’s always been our aim to bridge the gap between the traditional and digital economy, and the benefits that the new product brings will realise this even further.”
Wirex Multicurrency Card
Back in July of this year, it was reported that Mastercard had offered Wirex a principle membership status. In doing so, Wirex was granted the ability to issue payment cards to consumers in the EEA region. Wirex was named the first crypto-native firm to receive principal membership approval from Mastercard. Wirex is bridging the gap between traditional finance and cryptocurrency by rolling out a multicurrency card that gives consumers the ability to pay in traditional currencies or crypto assets.
Consumers will have the ability to leverage the card wherever Mastercard is supported. The new card is expected to be linked to 19 different currency accounts within the Wirex app. This means that consumers can leverage various currencies without exchanging or offboarding. Additionally, Wirex has stated that the card will have “next-to-no fees.” With Wirex already catering to 3.1M customers across 130 countries, many believe the new multicurrency card could “create a new standard” in the crypto payments and FinTech markets.
Time to shake up the world of #payments. Again. 🔥
Sky-high limits, minimal fees, unlimited interbank rates and the lowest commission in the industry.
— Wirex (@wirexapp) October 21, 2020
The card is due to launch in November, and users in the EEA region can join the waitlist here. It is important to note that investors from Wirex’s recent crowdfund will be first in line for the card. After all the investors receive their cards, other users can receive priority access by referring friends and sharing news through various social channels.
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