Crypto debit card provider Wirex is expanding in the U.S., receives first money transmission license in Georgia
August 7, 2020, 8:45AM EDT
1 min read
U.K.-based crypto debit card provider Wirex is expanding in the U.S.
Wirex USA has received its first money transmission license from the Georgia Department of Banking and Finance. The permit will allow the firm to offer services in the state.
Wirex currently operates in Europe and Asia and claims to have 3 million customers. Its flagship product is a crypto debit card, which allows users to buy and convert crypto into fiat for spending it. Wirex also offers a bitcoin rewards scheme, Cryptoback, giving up to 1.5% back in bitcoin to customers for every in-store transaction they make.
“Wirex makes cryptocurrency more accessible and usable. We look forward to putting the power of Wirex in the hands of our U.S. customers in the coming months,” said Harold Montgomery, managing director of Wirex USA.
Just last month, Wirex also received a principal membership license from Mastercard, which enables it to issue payment cards directly to consumers.