Crypto debit card provider Wirex is expanding in the U.S., receives first money transmission license in Georgia

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.

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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.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.