Digital currency dash will soon be integrated into crypto-banking platform Wirex, enabling customers to pay with dash online and in-store at over 40 million merchants accepting VISA worldwide, according to a dash-Wirex joint press release CoinReport received.
Following the integration, Wirex virtual and plastic card holders will be able to fund their accounts with dash, connect their dash wallet and use the payment card just like a standard VISA debit card. When Wirex customers make any purchase, they’ll have the payment amount automatically converted from the fiat currency to dash, and then withdrawn from their cryptocurrency holdings.
Through dash’s integration into Wirex, customers of the crypto-banking platform will also be able to withdraw cash at any ATM using their dash in 210 countries all around the globe.
Dash Core CEO Ryan Taylor said in the release we received, “Wirex is a premier brand for digital currency services, and supports the world’s largest base of digital currency funded pre-paid cards. We’re excited to bring the benefits of Dash’s low cost instant transactions to these users.”
He added, “Consumers simply don’t like waiting for transactions to top up debit card balances, and I know that once Wirex consumers try Dash they will recognize the time-saving user experience our network provides at a fraction of the fees to which they are accustomed. It really is a win for consumers, Wirex, and Dash.”
Wirex is supported by Japan’s biggest FinTech fund, SBI Holdings, which is led by industry champion Yoshitaka Kitao. Serving over 800,000 customers in 130 countries, Wirex has achieved US$1 billion in customer transaction and is pursuing an e-money license in the UK.
Wirex CEO Pavel Matveev commented, “Wirex is thrilled to be the largest provider of Dash payments cards in the world. Our integration with Dash signals an important milestone in the history of cryptocurrency mass adoption.”
He added, “Wirex customers will be the first to spend Dash up and down the high street, or online, as simply as spending any national currency. Dash’s low transaction costs and fast transfer times means customers now have significantly greater flexibility and opportunity to spend cryptocurrencies around the world.”
In spite of the significant growth in the total value of the cryptocurrency industry this year, accessibility has remained a recurring problem.
Matveev further added, “Wirex bolsters accessibility to digital currency on a global scale, and we now want to spread Dash adoption and further introduce Dash to the mass market. The Wirex payment card is the gateway to cryptocurrency mass adoption and we are providing a simple method to incorporate Dash into the everyday life of communities around the world. Buying everyday groceries, a glass of beer or even a brand new car is now possible with the Wirex-Dash partnership.”
Taylor stated, “There has been a great deal of demand in the market for Dash, especially in 2017. It is becoming the payment network of choice for many products and services, and it’s largely because our InstantSend feature ensures transactions are confirmed and settled in seconds. Customers can send and receive tokens instantaneously, negating issues of any price swings, and merchants enjoy less fees, and no wait times.”
Wirex will activate a fully-featured dash wallet for customers to store, exchange or send their dash funds online. The company, which maintains offices in Kiev, Tokyo and London, will offer additional currencies, contactless bitcoin payments, new bitcoin-based financial products and contactless cards in the near future.
Image courtesy of dash via PR firm Wachsman PR