skip to Main Content
bitcoin
Bitcoin (BTC) $ 96,336.81 2.44%
ethereum
Ethereum (ETH) $ 3,378.27 2.06%
tether
Tether (USDT) $ 0.999396 0.05%
xrp
XRP (XRP) $ 2.18 4.01%
bnb
BNB (BNB) $ 688.79 2.15%
solana
Solana (SOL) $ 189.42 3.32%
dogecoin
Dogecoin (DOGE) $ 0.315412 3.72%
usd-coin
USDC (USDC) $ 1.00 0.11%
staked-ether
Lido Staked Ether (STETH) $ 3,374.79 2.25%
cardano
Cardano (ADA) $ 0.871041 2.90%

Wirex Taps Railsbank to Replace Scandal-Struck Wirecard as Asia-Pacific Card Provider

Wirex (Piotr Swat/Shutterstock)

Fiat and crypto payments platform Wirex announced today it has partnered with Railsbank to replace insolvency-facing Wirecard as its card provider for the Asia-Pacific region. 

  • According to the announcement posted on the firm’s website, customers with existing Wirex cards have already been migrated to Railsbank’s cards and there would be no disruption in Wirex’s payment services during the transition. 

  • The firm’s announcement said Wirex has about 3 million customers who use its multi-currency card that allows for both fiat and crypto payments. 

  • The firm’s previous card provider, Wirecard, is facing insolvency proceedings after a $2.1 billion dollar hole was discovered in its balance sheet in June earlier this year. 

  • According to a recent report by German local media, one of the Wirecard executives wanted in connection with the fraud, Jan Marsalek, surfaced in western Moscow and is being sheltered by Russia’s largest secret service, the military-controlled GRU. 

Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top