i2c Partners With Wirex to Provide Multi-Currency Debit Card Solutions in Australia

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Banking and payments provider i2c has revealed a strategic partnership with next-generation crypto and fiat payments platform Wirex, aiming to launch their multi-currency debit card in the Australian market.

Wirex has been a pioneer in the financial industry since its inception. In 2015, the company took a bold step by launching the world’s first crypto-enabled payment card. 

“We are excited to be part of Wirex’s impressive global expansion. With the addition of Australia, i2c and Wirex now collaborate across North America, Europe and Asia Pacific. What we see unfolding here is symbolic of i2c’s easy-to-deploy and customisable platform, which allows for the sort of ambitious international expansion pursued by Wirex”, said i2c chief client officer Serena Smith.

With the help of Wirex’s hybrid payments option, users can purchase, store, exchange, and use up to 130 cryptocurrencies at more than 80 million merchant locations worldwide. This will be made possible by integrating blockchain technology into the i2c network. Furthermore, they can receive up to 8% cryptocurrency incentives on all in-person and online purchases.

The partnership is set to expand on Wirex’s existing prepaid crypto-enabled card programs, currently available in the US, Asia-Pacific region and Europe.

Additionally, it will allow Australian cardholders to manage and use multiple currencies on their card, making it easier to pay for goods and services abroad.  

“Our continued global expansion can be one of the most complex challenges any company can face. Every market is defined by its own peculiar nuances”, Wirex Co-founder andcsaid on welcoming the new agreement.

Wirex strengthened its long-term strategic partnership with Visa in February by working together to expand in the UK and Asia-Pacific region.

The partnership between i2c and Wirex is a positive development for the cryptocurrency industry in Australia. It shows that mainstream financial institutions are starting to embrace the potential of cryptocurrencies and that consumers are increasingly interested in using them for everyday transactions.

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