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Pay with Bitcoin? Wirex launched a debit card for Asia-Pacific (APAC)

Wirex launched on the occasion of the FinTech Week in Singapore its new Visa Travelcard for the Asia-Pacific economic space. The debit card will support in addi

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Pay with Bitcoin? Wirex launched a debit card for Asia-Pacific (APAC)

Wirex launched on the occasion of the FinTech Week in Singapore its new Visa Travelcard for the Asia-Pacific economic space. The debit card will support in addition to various Fiat currencies, Bitcoin & co. to Pay with Bitcoin is possible, but not directly.

By Christopher clover
12. November 2019 BTC $ 8,636.65 0.15% part Facebook Twitter LinkedIn xing mail

The payment service provider Wirex has announced the launch of its crypto-enabled Visa debit card for the Asia-Pacific Region (APAC) announced. Thus, Wirex can't pay customers from the Region in the future, in the case of Visa-Akeptanz only with Fiat but also-at least indirectly-also with Bitcoin.

The demand for such Services in the APAC Region is enormous, says Wirex CEO Pavel Matveev:

We have observed an explosion of demand for hybrid fiat and crypto-banking alternatives in the APAC Region, where the people of the future are in need of on-time payments, which will enable them to tap the value of their different currencies,

you can Maatvev in a press release on 11. November quote.

Wirex offers on the in-house App is the ability to buy Bitcoin, Ethereum & co., except for over-the-counter and sell. A direct Pay with Bitcoin is not possible, as well as, finally, the dealer would have to accept for BTC. Not quite as "smoothly" as in the press release touted, not the Pay with crypto currencies in the case of Wirex so. Previously, customers have to trade your crypto-Deposit afloat in the Euro, US Dollar, Yen & co. convert

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apart from that, Wirex advertises a reward program. In the case of card payments in a business (read: online shopping excluding) receive customer 0.5% of the purchase amount in Bitcoin. This value increases up to 1.5 percent, if it is not a pity to hodln several hundred thousand units of the Wirex-"currency" WXT.

Pay with Bitcoin key for the breakthrough?

The Older may remember that the Bitcoin was originally conceived as a currency for the exchange of value(s) without middle men. This idea has given way in recent years, increasingly, the Narrative of Bitcoin as a digital store of Value. This is due to the fact that Bitcoin is on average less than 10 transactions per second, far away, in the League of established payment providers such as PayPal or MasterCard to play. The difficult scalability of Bitcoin and especially its decentralization, and the computationally-intensive Proof-of-Work scheme is due. For this reason, the Bitcoin Community is working for some time on the Bitcoin Lightning Network that significantly higher transaction wants to achieve throughput rates, by the transactions are partially settled off the Chain (off the chain). To the scale of the debate ignited in the Kryptoversum already multiple wars of faith.

More:

block-stream: Bullish for Bitcoin Lightning Network, Bitcoin Tech News: New Version of Lightning Bitcoin on a one-year high: 5 reactions from the network #APAC#Hodl#Lightning Network
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