Mastercard Partners With Wirex, Enables Consumers To Hold and Activate Cryptocurrencies

Supporting espousal and creating ground-breaking experiences in the digital asset domain, Mastercard recently declared the extension of its cryptocurrency program, making it simpler and quicker for partners to bring compliant payment cards to the retail market.

The move comes as Wirex becomes the 1st native virtual asset platform to be given a Mastercard principal membership, permitting it to directly issue payment cards.

The Executive Vice President, Digital Asset and Blockchain Products and Partnerships, Mastercard, Raj Dhamodharan mentioned,

“The cryptocurrency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy.”

He further added,

“Our work with Wirex and the wider crypto ecosystem is accelerating innovation and empowering consumers with more choice in the way they pay.”

Mastercard principal membership permits Wirex to issue payment cards directly to customers, making it convenient for individuals to purchase, hold and exchange several digital currencies.

It is to be noted that Wirex is regulated by the UK’s Financial Conduct Authority with a license to issue cards in Europe. The company has been rising swiftly over the past eighteen months, with a positive development into the Asia Pacific region.