Wirex Launches Buy Bitcoin Function Ahead of New Platform

Another step in Wirex's plan to provide bankless banking services.

Bitcoin debit card provider Wirex Limited has released the first two-way bitcoin debit card with a buy bitcoin function. Wirex, recently rebranded from E-Coin, will now allow users in more than 130 countries to fund their bitcoin debit card accounts from anywhere in the world with traditional bank transfers and alternative payment methods.

Wirex also announced that it will be rolling out a new platform some time in April 2016, and that all its users, cards, and accounts will be moved over to the new platform once it launches in April.

Starting today, Wirex customers can use their bitcoin debit cards to purchase the leading cryptocurrency, of course in addition to using them to spend their money wherever Visa and MasterCard are accepted. The service also supports bitcoin purchases through popular alternative payment methods (such as PaySafeCard, Sofortuberwesing, Neosurf, Yandex, Qiwi, Webmoney, Multibanco, P24, iDeal, Abaqoos, GiroPay, EuTeller, Banklink, eKonto, China Union Pay, Alipay, ePay, Mistercash and Poli) so that its clients can top up their debit card accounts without the need for a bank.

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This move is part of Wirex’s plan to provide bankless banking services that are “designed to close the gap between digital currencies and traditional currencies for everyday financial transactions.” Under the plan that was announced at the rebranding the firm will offer three main services: convenient mobile banking via an app, instant remittance services, and upgraded 2-way debit cards which allow on-demand conversion between bitcoin and traditional currencies.

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