Wirex, the issuer of prepaid debit card, announced that its customers will now be able to spend Litecoin using the Wirex payment cards. Currently, Wirex is the only debit card, which allows spending cash by converting cryptocurrencies (Bitcoin and Litecoin) via its Visa-linked debit card. The cards will be available for EEA customers from May onwards. The integration of Litecoin with Wirex is another step forward towards mass adoption of cryptocurrencies in the UK and Europe.
Wirex customers can purchase Litecoin via a debit card, credit card, or bank transfer and store it in the new wallet offered by the company. Furthermore, users will also be able to exchange over 50 altcoins to Litecoin instantly. Wirex has provided this facility for users to cash out profits generated from ICO or cryptotrading. Anyone registering for a new card at wirexapp.com will receive a Wirex LTC card.
Customers can also convert their Bitcoin and Litecoin to GBP, USD, and EUR at any time. Wirex is planning to support more currencies in the future. Furthermore, Wirex is currently accepting registrations for contactless (tap-to-pay) card. The Wirex prepaid debit card is currently accepted by over 40 million merchants in over 200 countries. The instant conversion facility enables spending cryptos in supported countries, while online payments are protected through integrated 3D system.
Customer funds are held in segregated accounts under e-money licence, regulated by the UK Financial Conduct Authority.
• Transfer funds using cryptocurrency instantly to other Wirex account holders anywhere in the world FREE!
• Withdraw crypto to external wallets at the SegWit-enabled blockchain fee (Wirex adds no fee on top).
• Use crypto to send money directly to anyone (at home or abroad) without needing a high-street bank account or expensive money transfer service, anytime night or day.
Pavel Matveev, Wirex CEO said
“Wirex keeps growing as a platform, and it’s natural for us to add new services and currencies. Litecoin has huge potential and a big community, so there is a lot of demand for this service on the market.”