Wirex Crypto Card Receives United Kingdom E-Money Trading License
On August 23, Wirex released the information that it is the third cryptocurrency company that is granted the e-money license. The licenses are granted by the United Kingdom Financial Conduct Authority and is not an easy task to get it.
Now, Wirex has the legal rights to be involved in the cryptocurrency market in the United Kingdom.
Wirex is a company that offers services to users that want to spend their virtual currencies using Visa and MasterCard cards. The decision of the Financial Conduct Authority is very positive because it is a regulatory agency that aims to protect consumers and ensure that the financial market remains integral.
Wirex Co-Founder, Dmitry Lazarichev, commented:
“The licence is a testament to the fact that the company is committed to pursuing and achieving the highest levels for diligence and integrity in its business operations. Wirex’s submission to the FCA’s jurisdiction should leave customers in no doubt that Wirex will provide them with a best-in-class platform and companying service.”
Wirex explained that users do not have to be worried about drastic changes in the application. The app, cards, and wallets will be working normally.
Some time ago, the company announced that it was going to start XRP trading on the platform. Now, users are able to trade Bitcoin (BTC), and Litecoin (LTC). At the same time, users can convert XRP to fiat currencies and use it with the Wirex card.
From external wallets it is also possible to send XRP and exchange it for other altcoins in the platform. In addition to it, it is possible to link the wallet to users’ debit or credit cards.
Users have the ability to exchange USD, GBP and EUR using the platform. Furthermore, they can use XRP to be exchanged with BTC and LTC.