Mastercard signs an agreement with the Wirex start-up company

Mastercard signs an agreement with the Wirex start-up company

The American payment giant Mastercard announced Monday that it has reached an agreement with the specialist in cryptomoney Wirex, which will allow the British start-up to issue payment cards that are part of the vast Mastercard ecosystem.

Thanks to this partnership, Wirex becomes the first platform designed specifically for cryptosystems to obtain the status of Mastercard’s principal member.

«  Le The cryptomoney market continues to mature and Mastercard is driving it forward, creating reliable and secure experiences for consumers and businesses in today’s digital economy hui , » said Raj Dhamodharan, Executive Vice President of Digital Assets, Block Chain and Partnerships at Mastercard in a statement.

The U.S. company has also invited cryptocurrency platforms to join its Accelerate program to support financial technology start-ups (  fintech  ).

Created in 2014 and based in London, Wirex, which functions essentially as an online bank, claims more than 3 million customers in 130 countries.

The company enables «  stocker to instantly buy and exchange many currencies at the best rates on a centralized mobile application. »

Last year it launched its own digital token, the Wirex Token (WXT), and offers its customers a Bitcoin Rewards Program.

«  Notre vision has always been to give everyone the opportunity to benefit from the advantages of a world where all currencies are equal and this partnership is a step in the right direction direction  », reacted Pavel Matveev, the boss and co-founder of Wirex.

The encryption sector is closely followed by the major bank card issuers.

Visa, Mastercard’s main competitor, had already signed agreements with Wirex as well as with the American firm Coinbase. These companies have been able to launch debit cards that allow you to pay or withdraw money from a virtual currency account.

Visa and Mastercard, on the other hand, like PayPal and eBay, have left the Libra cryptomony project, which was initiated by Facebook and which is raising concerns among many regulators and governments about the protection of personal data or the risks of loss of sovereignty.

Mastercard signs an agreement with the Wirex start-up company
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