Wirex Crypto Company Introduces Business Accounts for Corporate Clients
Wirex, a UK based cryptocurrency company, focusing on the global adoption of cryptocurrencies. The company launched its latest business accounts to allow institutional users to come on board of the cryptocurrency train.
Wirex provides a gateway for business to business (B2B) customers to purchase and exchange 4 fiat currencies and 12 pairs of cryptocurrencies on the platform.
The various businesses that have taken up cryptocurrency as a payment gateway have found it hard to operate under their legal entity name.
Wirex aims to make it simpler for these companies to operate using cryptocurrencies as a payment option using their business accounts. The industry continues to push for global adoption the community need to find simple and efficient ways to lower the barriers of entry to the traditional financial institutions and markets.
The founder and CEO at Wirex, Dmitry Lazarichev, said that the new developments at the crypto company will offer B2B a better, faster and cheaper platform to complete international transactions.
The goal for Wirex has been to reduce the barriers to entry for its customers in the cryptocurrency industry and this latest project will provide the right solutions.
“Having spent the past 5 years building a platform that bridges the gap between cryptocurrencies and traditional money with a personal account, today we’re delighted to announce that we’re launching a business account which offers all of the same great features and put a stop to the pain encountered by crypto businesses when opening an account under a legal entity name. “
Currently, the business to business operations using digital assets is carried out using middlemen, something that Wirex wants to do away with. The new business account will allow corporate and institutional clients to make payments to suppliers and receive payment from customers.
Furthermore, the corporations can receive international payments through SEPA or SWIFT accounts or direct blockchain settlements. The latter offers the users with an instant, ultra-responsive, secure and lower transaction fee platform to settle the transactions.
Wirex is fully regulated in the U.K. through the Financial Conduct Authority (FCA). The company is well known for its cryptocurrency debit card service offered to retail customers to make their day to day payments seamless and efficient. The crypto debit card has over 50 currencies to make your payment at any VISA point of sale across the world.
The company is licensed to practice its fintech dealings across 23 European Union states after signing an E-money license in August 2018.