Digital payment currency Dash will soon be integrated into crypto-banking platform Wirex, a move allowing customers to pay with Dash online and in-store at more than 40 million global merchants accepting VISA.
When making a purchase Wirex customers will have the payment instantly converted from the national currency into Dash and then withdrawn. Wirex customers can also use their Dash to withdraw cash at ATMs in 210 countries.
“Wirex is a premier brand for digital currency services, and supports the world’s largest base of digital currency funded pre-paid cards,” Dash Core CEO Ryan Taylor said. “We’re excited to bring the benefits of Dash’s low-cost instant transactions to these users.
Wirex serves more than 800,000 customers in 130 countries and has surpassed $1 billion in customer transactions. It is backed by Japanese fintech fund SBI Holdings and is seeking an e-money license in the United Kingdom.
“Our integration with Dash signals an important milestone in the history of cryptocurrency mass adoption,” Wirex CEO Pavel Mateev said.
“Dash’s low transaction costs and fast transfer times means customers now have significantly greater flexibility and opportunity to spend cryptocurrencies around the world.”
“There has been a great deal of demand in the market for Dash, especially in 2017,” Mr. Taylor said. “It is becoming the payment network of choice for many products and services, and it’s largely because our InstantSend feature ensures transactions are confirmed and settled in seconds.”
Wirex will activate a fully-featured Dash wallet allowing customers to store, exchange or send Dash online. It will soon offer contactless bitcoin payments, contactless cards, additional currencies and, soon, new Bitcoin-based financial products.