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Visa Adds Crypto Payments Startup Wyre to Its Fast Track Payments Program
Wyre’s push-to-debit program will now allow instant payouts of crypto holdings to users' bank accounts using the Visa debit cards.
Blockchain-based payments firm Wyre has joined Visa’s Fintech Fast Track Program, allowing Wyre to integrate Visa’s technology and additional functionalities.
STORY CONTINUES BELOW
- Wyre said it will now be able to provide additional functionality to its users, allowing them to move money between crypto and fiat with two new offerings.
- Wyre’s push-to-debit program will now allow instant payouts of crypto holdings to users' bank accounts using the Visa debit cards.
- Secondly, Wyre’s card issuance program will allow its users to convert and spend their balances in real-time using Visa debit cards.
- The Visa Fintech Fast Track Program was launched in the U.S. in July 2019 to enable fintech startups to leverage Visa’s network, resources and services to scale quickly.
- Visa’s program will also give Wyre direct access to its partner network as well as its experts who can help expand their business in the most efficient way possible, said the firm in a press release.
Read more: Ledger Live Joins Wyre to Roll Out Crypto Buying in US
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
