Wirex starting a rollout of IBANs for EUR accounts, the Crypto backed VISA cards just got more attractive

Sep 29, 2018

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has been always one of the most popular option for those who were looking to spend their cryptocurrencies internationally. The users of the Wirex ecosystem could enjoy fast support times (through their telegram channel and support section on the website), a good looking mobile application and VISA 3-D secure debit cards.

Getting debit cards was pretty easy through the company, after getting verified anyone could order a VISA card that supported either GBP, EUR or USD in the matter of days mostly. The company offers free shipment on them, they only charge a minimal monthly fee for card holders. Supported cryptocurrencies that come with a wallet in the application are Bitcoin, Litecoin, Ethereum and XRP. These can all be converted instantly to the base currency of either the virtual account or the physical account for zero fee for the best offer between Wirex’s liquidity providers.

Since back in August, things are seemingly progressing in the positive direction. Interestingly, Wirex is the 3rd crypto-supporting company ever that earned this license.

Now the company announced major news for some of its EUR account holders, users from France and Spain receive IBANs (International Bank Account Numbers). This means that these users will be able to fund their Wirex EUR accounts by bank transfers and with the help of debit or credit cards as well resulting in easier methods to purchase their cryptocurrencies with Wirex. GBP account holders already enjoyed this feature, but now Wirex is planning to pilot this feature to certain EUR accounts and possibly include every EEA account in the future.

This means that users of the company who got the features added will have a really easy method to purchase cryptocurrency without the hassle of going through exchanges and having to place bids in their order books.

Additionally the company also announced new account limits, the original limits were doubled. GBP accounts will be limited to 15,000 GBP, EUR accounts will be limited to 16,000 EUR and USD accounts can hold a maximum of 20,000 USD.

A basic comparison of crypto supporting debit cards can be found on website.

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