Wirex is reporting that it has signed a deal with Japan’s foremost FinTech investor, SBI Holdings, to establish a new Asia focussed joint venture, SBI Wirex Asia. The collaboration means that Wirex benefits from SBI Holdings’ support, scale and Asian market relationships. SBI Holdings will achieve access to Japan’s favourite cryptocurrency payments card provider and unrivalled expertise in the world of blockchain based finance.
SBI Wirex Asia will deliver a Japanese cryptocurrency payment card and joint businesses, which benefit from Wirex’s global expertise within the world of Distributed Ledger Technology (DLT), payments and cryptocurrencies.
Pavel Matveev, CEO, Wirex said:
“Our new relationship with SBI Holdings enables us to deepen our already market leading position in the country to offer new Japan and Asia focussed products and services. I look forward to working with the team at SBI.”
“Japanese customers are our most enthusiastic supporters and use our VISA-backed cryptocurrency debit card more regularly than anywhere else in the world. They deserve a Yen denominated card soon and we will deliver it to them.
The new joint venture, SBI Wirex Asia, follows a previous investment this year of $3 million by SBI Group in Wirex. Wirex and SBI Wirex Asia will work closely together to ensure Japanese customers benefit from Wirex’s global community and expertise with the support of SBI Wirex Asia.
Wataru Kojima, Wirex Japan CEO, said:
“I am pleased to see SBI Holdings enter into a relationship with Wirex, which will offer Japanese customers much improved choice and flexibility when it comes to cryptocurrency payments.
“Japan leads the world in bitcoin regulation and our accountants are armed with the tools to accept bitcoin on balance sheets. I will ensure Japan maintains our preeminent position in this space though providing the most innovative and cost-effective technologies globally.”
Wirex is committed to improving and advancing the field of blockchain technologies for all. Last month at Tokyo’s FinTech conference, FIN / SUM Week 2017, Pavel Matveev, Wirex’s Global CEO and Founder, provided industry intelligence and insights to Japan’s FinTech influencers and journalists.
Wirex welcomes Japanese based journalists to meet with Wataru Kojima, Wirex Japan CEO, who can advise on the latest trends and opportunities in the world of cryptocurrencies.