Generally, it is difficult for investors and individuals to successfully track and manage their investments and funds. The existence of cryptocurrency exchanges have been beneficial, but these exchanges overtime have been hacked and they make management of digital and physical currencies difficult. To solve this problem and ensure that users can be able to manage their digital currencies, the Wirex platform was developed.
The Wirex platform happens to be the first platform to allow users in Europe, America and Asia to be able to spend their physical or fiat currencies that are converted from cryptocurrencies. This platform also offers it users payment cards. This credit card virtual and plastic wallets would allow users to store multiple coins. Customers all over the world have been offered countless payment cards, each of these cards seeking to out do or offer more features than the others, but only a small number of these cards provides users with offline and online payment capabilities. And just a few offer multiple payment options for various currencies. The Wirex platform payment card offers these services and more.
This card provides users all over various continents with payment solutions. This card has also been described as a travel card because, not only does it offer payment options, it offers them in multiple currencies, meaning that it could be used in various countries. This card offer various currencies like; the US Dollar, the British Pounds, Euro and even cryptocurrencies like Bitcoin and Litecoin. The amazing part of this card is that it lets users or account holders to easily convert their fiat or physical currencies to either LTC or BTC tokens. It also allows them to make payments with these converted cryptos and fiat currencies on the online stores of vendors that accept the token as a form of payment.
(Image Source : Wirex)
Users who carry out various transactions online, would know that there are a few acceptance platforms. Ones like PayPal who happens to be the leading platform charges high for all transactions carried out and most users find it very difficult to make use of it. Google Pay and Apple Pay are some of the other platforms that are coming up, but what separates these platforms from the Wirex is that the virtual cards developed by the Wirex platform allows users to easily convert their cryptos to fiat currencies and the other way round. Also the Wirex platform is designed with an easy to use interface which makes it easier for users to convert and also carry out transactions. You will find it interesting to know that the Wirex platform charges as low as 0.5% for all crypto spending. This makes it one of the most advanced, cheap and efficient payment solutions developed. You will find it interesting to know that the Wirex platform offers account holder who spends with their payment cards 0.5% cash backs on all spendings. This means that while you spend your funds you are also paid for doing so.
(Image Source : Wirex)
As mentioned earlier, the Wirex virtual payment card has been described as a travel card because it lets users make transactions in three globally accepted fiat currencies. This card can be used to make payments at merchants or vendors that accept swipe or contactless, chip and PIN payments in GBP, USD and EUR.
The Wirex payment card also comes with a secure mobile wallet that stores the funds of users or account holders on the network. This mobile wallet offer account holders numerous benefits, first of all, it allows users who do not have access to multi currencies the opportunity to quickly convert their currencies to any other currency of their choice in just a few clicks. This payment card mobile wallet ensures that all card holders who receive payments in other currencies can have their funds sent to their mobile wallet. It affords them the opportunity to convert this local currencies to any foreign currency of their choice. They also offer holders the opportunity to even convert their fiat local currencies to either Litecoin or Bitcoin in just a few minutes.
(Image Source : Wirex)
The Wirex mobile payment card adopts the near field communication technology (NFC) which currently happens to be the most common contactless technology that is adopted by mobile wallets. The NFC technology ensures that the Wirex mobile wallet is able to transmit information wirelessly within a few centimeters. The NFC technology ensures that certain encrypted payment codes are transmitted to various Point On Sale (POS) terminals when users tap their smartphones on the terminal. The NFC ensures that the vital financial information of users is not revealed to these retailers. Another great benefit of this technology is that it does not make use of a battery. The NFC chips which are embedded in the Wirex mobile wallet ensures that users can make transactions and also make payments for goods bought when the battery of their smart phones are down or even dead.
The Wirex payment card has an added feature which allows cardholders to be able to hold their altcoins for a long time and convert them in the future for either Litecoin or Bitcoin. This added feature means that card holders can now accept different cryptocurrencies like; Dash, Monero, DAO, Ripple and a host of others. Since the inception of payment solutions, one has not been developed that fits in so many features like, travel cards, payment cards, multiple fiat currencies, multiple digital assets like Bitcoin, Litecoin and a host of other altcoins. The Wirex platform happens to be that pioneer payment solution that fits these features into one to offer account holders a one-stop-app for all digital money spendings, transfers and savings. Not only does the Wirex platform offer these amazing features, it charges lower for transactions carried out by all account holders compared to other payment solutions.
(Image Source : Wirex)
Asides these amazing features mentioned above, the Wirex platform offers users an opportunity to send and receive funds through their platform. Account holders can send small and large amounts to others who are either holders or not. Account holders will receive the funds as soon as possible, while non account holders will be sent an email to quickly open an account and receive their sent funds. Sending money on the Wirex platform is as easy as sending an email, this means that the network is ultrafast because it takes less than a second for an email to be sent. The Wirex platform was designed to full complement human life, it offers a platform to save funds, it offers a platform to spend, it offers a platform to send and also receive funds as well.
The high cost of making international transactions have deterred people from doing so, but with the Wirex platform, account holders can make these transfers to their friends and families in other countries with just a little charge and these transfers are fast as well. Interestingly, it lets these account holders to choose to either transfer funds in any of the three fiat currencies and even in digital currencies like Bitcoin and Litecoin. You can send everyone funds as long as you have their personal email address. The Wirex transfer feature seeks to solve four crucial problems that conventional banks face. These problems are; ambiguity, high transaction cost, inflexibility and eliminates any form of restriction.
Conventional banks and her customers are faced with one major issue which is that of too much paperwork. After going through much stress to ensure that you open an account, you still have to wait for days before international transactions are verified. The frustrating part of these transfers is that the senders' and receivers do not have any idea how long the transfer process has gone. Lack of any necessary information about the transfer can prove to be frustrating especially for business owners that are anxiously expecting their goods inorder to ship to their waiting clients and customers. The Wirex account solves this problem completely as all transfers made by account holders are processed immediately. Creating a Wirex account would be truly beneficial to business owners that carry out international and local transfer regularly.
(Image Source : Wirex)
Traditional banks charge their account holders for various things like; processing fees, receivers and senders fee. This means that if you seek to send about $100 to your loved ones through the banks you can end up spending a total of $110 to $112 for all transactions charge. High volume transactions are even worse, with the Wirex account, users can make transfers for free. The Wirex platform eliminates any form of transaction fee that conventional banks charge.
Other payment solutions and traditional banks allows its users to only carry out transactions in one currency. This limits their usage and if users do not carry out transactions with the supported currency, they would be charged much for foreign exchange fees. The Wirex account is different in the sense that it allows account holders to transfer funds in three globally accepted currencies and also for crypto investors, it offers them the opportunity to also transfer digital currencies like Bitcoin and Litecoin and a host of other altcoins. The Wirex platform offers account holders the opportunity to transfer digital currencies to enable their users jump through forex commissions to ensure that those at the receiving end get the complete money sent.
(Image Source : Wirex)
The Wirex platform is not restricted by geographic location or border meaning that you can send funds to your loved ones worldwide.
Generally, these features that the Wirex platform offers would have to come with a difficult start up process but you will find it interesting to know that creating an account on the Wirex platform is quite easy. You do not have to fill in all personal information before creating an account on the Wirex platform. All you need to fill is your name, email address and your date of birth. Once this information is submitted and approved, you can begin enjoying the amazing benefits of being an account holder. Once you are on this platform, you have the opportunity to own a personal payment card as well as one of the world's leading multiple-signature secured mobile wallets. To ensure that you are convinced of the type of services the Wirex platform offers, it gives you the opportunity to create a dummy account. This dummy account will give you the opportunity to take a closer look at some of the most exciting features and benefits that have not been offered by any payment solution available.
Once you have successfully created an account on the Wirex platform, you can top up your account with your digital tokens. If you are a crypto enthusiasts, you will find it interesting to know that the Wirex platform has adopted the Shapeshift technology which will further enable them to receive payments from Bitcoin and other top altcoins like Litecoin, Dash, Monero etc. You can also decide to top up your Wirex account with fiat currencies, all you have to do is add the country where you reside while setting up an account and the platform will automatically offer you top up options that are available in your country. Once you have funded your account, you can either decide to hold them in fiat or convert them to cryptos.
(Image Source : Wirex)
In conclusion, we have discussed the Wirex platform to an extent and we have seen the numerous features it offers all account holders. One feature that particularly stands out is the fact that platform offers all account holders that spend their funds through their payment cards a 0.5% cash back on all spendings. This definitely means that while account holders are spending huge sums of money with their payment cards, they also get a little percentage of their spendings to themselves. This makes the platform one of the best as it helps it users save money. Another feature is the virtual payment card which also acts as a mobile wallet and a travel card. This payment card is designed to offer both offline and online payment capabilities. Finally, potential users can create dummy accounts to check out the various services offered by this pioneer payment solution.
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