Cryptocurrency payments app Wirex has partnered with VISA to expand its footprint in Asia-Pacific (APAC) and the U.K. reaching a total of 40 countries, crypto media outlet Finbold reported on February 13.

The announcement builds on the already-existing partnership between the two businesses, which includes Wirex holding primary membership status with VISA in Europe and a crypto-linked VISA debit card in the United States. According to Wirex, it was the first business in the world to create a crypto-enabled card in 2015 that let consumers purchase or trade a variety of conventional currencies and cryptocurrencies.

The London-based Wirex, which serves more than 5 million consumers, will be able to immediately issue crypto-enabled debit and prepaid cards to more than 40 countries as a result of this expansion.

Even though its primary client base is in the U.K., Wirex had previously withdrawn from the FCA's interim registration system before the deadline for full registration, which meant it would only be able to serve consumers in the U.K. through a Croatian subsidiary.

According to Matt Wood, Head of Digital Partnerships, Asia Pacific, VISA, by integrating digital currencies with our network of banks and retailers, customers will have additional payment alternatives.

Source: FINBOLD