Wirex Limited, the company behind E-Coin , announced on Feb. 25 that it is set to debut a new hybrid banking solution this month.
A waiting list has been created for Wirex, which uses blockchain technology to allow the secure exchange of virtual and traditional currencies.
“Wirex was developed with the input of customer feedback,” said Dmitry Lazarichev, co-founder of Wirex . “For example, we received feedback that our customers were looking for two-way Bitcoin [debit] cards with the ability to switch between Bitcoin and fiat currencies. Now, that is one of Wirex card’s main features.”
There are three key features of Wirex, one of which Lazarichev described. The two-way debit cards will allow customers to convert Bitcoin into traditional currencies (U.S. dollars, British pounds, euros) and “lock in” rates in advance.
Instant remittance service is another feature of Wirex, which was designed using blockchain technology. Money transfers will be able to be conducted quickly and securely via Wirex.
Finally, Wirex will be accessible with an app, which is set to debut on both iOS and Android. It includes the security features of BitGo, and all funds are protected under XL Group, an insurance service provider.
Users will be able to integrate their individual Wirex accounts with PayPal, Amazon and Skrill. Future partnerships may arise, but it’s not a primary objective for Wirex Limited at the moment.
“Our main focus now is to ensure the Wirex platform works flawlessly with PayPal, Amazon and Skrill,” Lazarichev continued. “We believe that quantity is not important if the quality is sacrificed. As we work with more companies, we will make the announcement through our Twitter @wirexapp and blog .”When Wirex debuts, it will be available in 130 countries around the world. The debit card will be usable at millions of shops and ATMs. Lazarichev believes that much of its […]
