iHodl.com
Main page News, Fintech, Tech, Mastercard, Crypto Market, Cryptocurrency
Hot topic
July 20, 2020

A global payment network Mastercard has announced Wirex, a crypto-related payment provider, has been invited to join Mastercard’s Accelerate program for emerging brands and fintechs.

According to an official press release, Wirex became the first cryptocurrency platform to receive full membership in the Mastercard payment network.

Raj Dhamodharan, Executive Vice President, Digital Asset and Blockchain Products and Partnerships, Mastercard says the corporation decided to invite Wirex as the cryptocurrency market continues to develop rapidly.

"The cryptocurrency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy," Dhamodharan said.

Over the past year and a half, Wirex has made a significant headway in the cryptocurrency market following the approval of the UK Financial Conduct Authority to issue debit cards in Europe.

The company's success is due to the active expansion of its products into the Asia Pacific region, as well as due to the release of its own Wirex Token (WXT).

BitPay Reveals US Prepaid Mastercard

Previously iHodl reported that Mastercard decided to join the ID2020 Alliance, a blockchain-focused alliance dedicated to providing all people on the planet with a digital ID by the year 2030.

Mastercard claims it admits that holding a viable and trusted digital identity will allow everyone "to connect and realize the opportunities presented by our increasingly digital world."

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.