Wirex and Visa Strengthen Partnership to Accelerate Web3 Payment Adoption

Wirex, a leading Web3 money app, and Visa, a global leader in digital payments, are excited to announce an expanded partnership to advance the use of digital currencies in the UK and the European Economic Area (EEA).

This collaboration aims to leverage Visa’s innovative card solutions and Wirex’s product innovation to reduce friction in payment experiences. Consumers will benefit from the trust and reliability of Visa’s payment network combined with Wirex’s cutting-edge technology.

A key highlight of this partnership is the launch of Wirex Pay, a modular Zero Knowledge (ZK) payment chain developed by Wirex. Wirex Pay is set to revolutionize how users manage and spend both cryptocurrencies and traditional currencies, offering a seamless way to handle transactions. This innovative product exemplifies fintech advancements by enabling smooth integration between blockchain technology and traditional finance.

Wirex, a crypto-native company with Visa principal license capabilities for card issuance, and Visa are dedicated to developing projects that merge blockchain with traditional financial systems, ensuring efficient transactions. Visa will support Wirex’s growth in existing markets through enhanced marketing efforts, leveraging Visa’s assets and capabilities.

Svyatoslav Garal, Global Head of Payments at Wirex, stated, “As one of the few crypto-native companies licensed by Visa for card issuance and the first principal member of Visa Network in Europe, Wirex plays a pioneering role in the financial industry. In a world moving towards Web3 and decentralization, robust solutions for global funds movement are essential. Key players like Visa are crucial in this shift. Wirex, an innovator in both Web3 and traditional finance, is thrilled to partner with Visa in bridging these two spaces.”

Cuy Sheffield, Head of Crypto at Visa, added, “Partnering with Wirex to integrate blockchain technology with traditional finance, including the launch of Wirex Pay, aligns with our vision for the future of payments. This collaboration highlights the importance of working together to drive fintech innovation.”