Wirex, a well-known crypto platform based in London, has now <a href="https://wirexapp.com/blog/wirex-becomes-visa-principal-member-0251" target="_blank" rel="nofollow noopener">become</a> the principal member of Visa. It is revealed that through this, the crypto platform will be having the power to issue Visa cards and process transactions as well. The customers of this platform can transfer both cryptocurrencies as well as traditional currencies globally. Also, it is revealed that Wirex is the second crypto firm that can gain this kind of <a href="https://www.cryptoknowmics.com/news/coinbase-first-crypto-company-approved-as-visa-principal-member/">membership</a> after Coinbase. 

[embed]https://twitter.com/wirexapp/status/1341344985682038790[/embed]
<h2>Wirex Already Have a Visa Card to Make Payments</h2>
This is not a new partnership with Visa, as Wirex is already having a Visa card, which was launched way back in 2015. Through this card, the users can make <a href="https://www.cryptoknowmics.com/news/wirex-partners-with-i2c-to-initiate-fiat-crypto-travel-card/">easy payments</a> using their crypto. While making payments, the crypto is automatically converted into fiat currencies. The payments could be made anywhere across the world, where a Visa card is accepted and makes it convenient for the users. 

Now with this new membership with Visa, Wirex can gain more autonomy. By becoming the principal member, it can issue accounts, provide processing services, and process transactions, all by itself. There is also news that the firm will be soon launching a single currency Visa card for the U.S.
<h2>Cryptoback Program for WXT Users</h2>
Wirex has also announced a cashback program named Cryptoback, which is meant to reward all the users that are holding WXT tokens. WXT is a native token of the exchange and this cashback program is meant to increase its adoption. Even though <a href="https://www.cryptoknowmics.com/news/are-crypto-debit-cards-worth-it/">Visa debit cards</a> are highly beneficial for crypto users as they do not have to go through the process of converting crypto into fiat, there have been several dark clouds over such cards in 2020. The reason behind this is the insolvency of <a href="https://www.cryptoknowmics.com/news/wanted-wirecards-former-coo-is-in-russia-with-bitcoin-cache/">Wirecard</a> as it operated several crypto cards as well.

Wirex Becomes Visa’s Principal Member, Allowing to Issue Cards

Wirex, a well-known crypto platform based in London, has now become the principal member of Visa which allows the firm to issue cards.

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Wirex Becomes Visa’s Principal Member, Allowing to Issue Cards

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