Crypto

Wirex expands its crypto range to 130 tokens

Payments and crypto wallet provider Wirex has listed 52 new tokens on its app, bringing the total number of supported digital assets to 130, alongside 13 fiat currencies.

Wirex said its largest one-time token release gives 5 million customers direct access to DeFi benefits.

Featured tokens include CAKE, BRZ, BBTC, IMX, YGG, PLA, RNDR, CHR, and GMT, and will be supported on blockchains such as Ethereum, Solana, Binance Smart Chain (BSC), Avalanche, Tron, Algorand , Optimism, Polygon, Stellar, Cosmos and Near.

Wirex’s digital payments platform allows users to buy, hold, trade and sell these tokens. Linked to their crypto-enabled debit card, they can be spent at over 90 million locations worldwide and earn up to 8% Cryptoback rewards.

Pavel Matveev, CEO and co-founder of Wirex, said, “We want our customers to experience the full benefits of Web3. Combined with our industry leading UX, we have enabled access to some of the most popular dApps and tokens such as NEAR. This will give users the ability to easily use this new generation of the Internet as they wish. »

Marieke Flament, CEO of NEAR Foundation, said, “This partnership is an important step in helping us achieve our vision of bringing Web3 to a wider audience. Wirex has built a strong and loyal customer base that we can tap into and introduce to the limitless potential of NEAR and Web3 creators.

Wirex resumed operations in the UK in June, almost three months after throwing in the towel after being approved by the Financial Conduct Authority (FCA). Wirex was back to serving UK customers after discussions with the UK regulator, it said in a blog post.

The London-based cryptocurrency and fintech firm was part of the FCA’s temporary register. Although this status allows it to operate in the UK pending a final decision from the watchdog, it abruptly halted UK registrations in March. The decision to temporarily halt the integration of the British was apparently voluntary.

However, Wirexwhich claims to have 250,000 customers in the UK, has not fully withdrawn its application after consultation with the jurisdictional regulator.

The company offers a mechanism to spend, receive, and buy cryptocurrency through a prepaid debit card. The platform currently supports over 50 altcoins that can be easily converted into Euros, Dollars, and Pounds at the point of sale via an in-app API.

Earlier in 2019, Wirex obtained an e-money license from the UK’s Financial Conduct Authority, which allows the fintech company to operate freely in 23 European Union countries.

Only 32 cryptocurrency-related companies are currently registered with the UK financial regulator. However, there are dozens of other crypto businesses registered under the Temporary Registration Regime list. Uphold itself was listed on the FCA’s Temporary Register of Crypto-Asset Firms.

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