2019 is truly the year of multi-currency travel cards.
Today, borderless payment platform Wirex announced the launch of their Wirex Visa Travelcard at the Singapore FinTech Festival.
The Wirex Visa Travelcard is a multi-currency travel card that will enable customers across APAC to “seamlessly spend multiple crypto and fiat currencies, and earn crypto rewards wherever they travel”.
All cryptocurrency exchanges to legal tender fiat currency takes place before users transact on the Visa network.
The Wirex Visa Travelcard is compatible with more than 150 currencies, and holders will be able to pay for purchases at 54 million outlets around the world, anywhere Visa is accepted.
It also offers free international ATM withdrawals, and rewards customers with up to 1.5% back in Bitcoin on all in-store purchases through the Cryptoback programme.
Pavel Matveev, Wirex co-founder and CEO, said: “We have witnessed an explosion in demand for hybrid fiat and crypto-enabled banking alternatives in APAC, where people need payments redesigned for the future, allowing them to unlock the value of their different currencies.”
“The evolution of Wirex’s offering in APAC represents more than just the next stage in the platform’s growth strategy; it is a tangible example of our mission to provide a genuine alternative to conventional financial services by connecting traditional and digital ecosystems on one borderless payment platform.”
To allow as many people as possible to experience the Wirex Visa Travelcard and gain exposure to its innovative services, Wirex is removing fees, including account management and traditional currency exchange fees, for a limited period.
- Find out more about Wirex’s new offering here.