- Oct 25, 2021
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Wirex Gives Ukrainians Access to Over 20 Cryptocurrencies, Promises Crypto Card
U.K.-based crypto payment processor Wirex has allowed residents of Ukraine to purchase and exchange cryptocurrencies on its platform. The company supports more than 20 cryptocurrencies, including major coins such as
Ukrainians will also be able to open crypto savings accounts based on
Wirex also plans to issue its card to Ukrainian crypto holders giving them the opportunity to spend their coins on goods and services offered by local merchants that do not directly accept cryptocurrency. This will be possible through instant conversion to hryvnia. Ukrainians will also receive a virtual card they can add to Apple Pay and Google Pay.
The increasing popularity of cryptocurrencies has turned Ukraine into a
The British fintech obtained a license from the U.K. Financial Conduct Authority more than three years ago. Since then, its services have enjoyed a growing consumer interest. Over 4 million people in 130 countries now use its Mastercard and Visa cards.
Ukraine’s Monobank to Offer Another Bitcoin Card
Ukrainians may expect similar products from domestic payment providers as well. Last month, the Ukrainian online banking platform Monobank announced it’s ready to release its own cryptocurrency card. The company complained it had been waiting for more than three months to get an approval from the National Bank of Ukraine.
In October, the head of the monetary authority, Kirill Shevchenko, revealed that the
Ukraine is yet to comprehensively regulate its crypto market. Ukrainian parliament
Do you expect Ukrainian regulators to soften their stance on crypto-related products and services? Tell us in the comments section below.