“The cryptocurrency market continues to mature … our work with Wirex and the wider crypto ecosystem is accelerating innovation and empowering consumers with more choice in the way they pay,” Dhamodharan said in a statement.
Until now, Wirex’s crypto debit card had been with Visa, a competitor of Mastercard’s. The card was issued by German fintech group Wirecard, under license from Visa.
Pavel Matveev, chief executive officer and co-founder of Wirex, said the Mastercard principal membership “represents a growing interest and recognition in the acceptance of cryptocurrency by leading bodies and regulators…”
Wirex is regulated by the UK’s Financial Conduct Authority and owns a license to issue cards in Europe.
What do you think about the Wirex-Mastercard partnership? Let us know in the comments section below.
The post Wirex Approved to Issue Mastercard-Backed Bitcoin Debit Cards appeared first on Bitcoin News.
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