How To Send Funds From Your Wirex AccountWe started Wirex in 2014, back when the price of a Bitcoin was $300, the main users of cryptocurrencies were tech geeks and blockchain was in its infancy. In April 2018, Wirex announced contactless debit cards and became the industry's first major wallet and card provider to add new Litecoin functionality, augmenting its existing Bitcoin and traditional currency capabilities, in recognition of the rapidly growing adoption of Litecoin as a payment method.
Fees: $9.95 to buy a card, $5 dormancy fee, $2 fee for domestic ATM withdrawals and $3 for international ATM withdrawals, 3% currency conversion charge outside the U.S. The partnership will facilitate the introduction Wirex payment of the Wirex prepaid program, similar to their existing Wirex Visa card programme in the EU, where it is the only company to have a fully-functioning card that allows seamless spending of crypto.
Cons: The monthly fee of the card is higher than other options, card balance limit can be an issue for people who hold more crypto, there are multiple complaints about faulty or unresponsive customer support, some merchants do not accept prepaid cards without a bank account, which means that the card isn't accepted everywhere.
As we were not too familiar with how Wirex card worked, Amelie continued: Wirex provides an account with both traditional currencies and cryptocurrencies linked to a Visa card, this is great as it allows to convert and spend cryptocurrency wherever Visa is accepted”.
Many people like me joined WireX, thinking that we can simply load up BTC (or other tokens, but I'm just going to use BTC for the sake of convenience) into our bank account, and use a connected debit card which would subtract the precise amount of BTC from our account.
The partnership follows hot on the heels of the launch of Contis' Buffer Account, and further demonstrates the business' power to drive structural change within the payments ecosystem through the innovative use of its legacy-free banking and payments platform and its ability to process real-time transactions on both UK and SEPA payment ‘rails'.
Anyway, not only does wirex seem to support 50+ cryptos, its app works in real-time with the card hence notifying users immediately about any suspicious activity. Gab moves to BitPay bitcoin payments after Stripe, PayPal and Coinbase cut off payment processing.
The cryptocurrency market is rapidly disrupting traditional financial systems and it's no surprise that the power of our platform is further accelerating this. With over 1 billion transactions in 2018, Wirex launched its debit card several months ago which immediately became popular around the world.
And the developers believe that they have created a cross-platform XRP wallet that's simple enough for your grandma but safe enough for a Swiss banker. The platform continues to welcome new currencies to its existing portfolio of 10 digital and 11 fiat currencies.