Wirex: A Hybrid Financial Platform That Uses Blockchain Technology

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Wirex Limited has announced the launch of Wirex, the world’s first hybrid personal banking solution that combines the benefits of blockchain technology with users’ everyday finances, in a way that is both accessible and easy for the general public to use.

Wirex is the first service of its kind to provide bankless financial services, and it is designed to close the gap between digital and traditional currencies for everyday financial transactions.

Evolving to fill the needs of the global citizen, Wirex will offer 3 main services: convenient mobile banking via the Wirex app, instant remittance services, and upgraded 2-way debit cards that allow on-demand conversion between bitcoin and traditional currencies.

Wirex app – The Wirex App offers users a mobile platform to perform convenient and secure 24/7 financial transactions. Linked to your Wirex account, the app utilises security features from BitGo. All funds are protected by XL Group, one of the largest insurance service providers in the world.

Instant remittance service – Wirex uses blockchain technology to significantly improve current cross-border remittance technology. Money transfers can be made instantly and securely, without cross-border fees. (Exchange rates apply.) Users can also integrate individual Wirex accounts with PayPal, Amazon, and Skrill, for wider financial applicability.

2-way debit cards – Bitcoin price volatility has been a challenge for Bitcoin debit card users. In order to address this problem, Wirex offers the world’s first 2-way bitcoin debit card. Users may convert bitcoin into traditional currencies (USD, GBP, EUR) – and vice versa – at any time, effectively ‘locking’ the rates in advance, for hassle-free everyday spending.

Through the Wirex platform, users will no longer need to go through the inconvenience of visiting physical financial institutions. Wirex debit cards are borderless and they are accepted at millions of shops and ATMs around the world. The services are available to customers in more than 130 countries.

Previously, Wirex Limited was the company behind the successful bitcoin debit card provider E-Coin. E-Coin gained 100,000 users within one year, and processed more than $2 million in monthly transactions.

Wirex will be available in March 2016. For earlier access, updates, and promotions, Wirex invites members of the public to sign up on the waiting list.

Richard Kastelein

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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