Bitcoin Debit Card Wirex Raises $3m from Japanese Conglomerate SBI
- “The SBI Group has a clear vision and in-depth understanding of blockchain and cryptocurrencies.”
Wirex Limited, which is known for offering a suite of personal banking solutions for Bitcoin users, announced today that it has successfully raised $3 million in a Series A funding round led by the Japanese conglomerate SBI (TYO:8473).
With offices in London, Tokyo and Kiev, Wirex serves over 500,000 customers in more than 130 countries and is in the process of obtaining an e-money license in the UK.
The company plans to use the new funds in the development of additional features, licensing and security, as well as to support its expansion plans. Wirex also says that it will continue to invest in its platform’s security and stability, enhancing customer experience.
“Japan is a key market for bitcoin-compatible financial products and services, and one of our fastest-growing customer base” said Pavel Matveev, co-founder of Wirex Limited. “We are delighted to have this strategic partnership with the SBI Group. Together we can push bitcoin adoption in the Asia-Pacific region to the next level.”
Dmitry Lazarichev
“The SBI Group has a clear vision and in-depth understanding of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term” added co-founder Dmitry Lazarichev, “We have been selective in the process of looking for the right investor, and finding the best possible fit is important for us. Our customers will greatly benefit from this collaboration.”
As a group whose main operation channel is the internet, SBI joined the global R3 initiative in March 2016 to increase the efficiency of financial markets by using blockchain technology, and proactively explore applying blockchain technology to the financial services of the SBI Group.
Wirex Limited, which is known for offering a suite of personal banking solutions for Bitcoin users, announced today that it has successfully raised $3 million in a Series A funding round led by the Japanese conglomerate SBI (TYO:8473).
With offices in London, Tokyo and Kiev, Wirex serves over 500,000 customers in more than 130 countries and is in the process of obtaining an e-money license in the UK.
The company plans to use the new funds in the development of additional features, licensing and security, as well as to support its expansion plans. Wirex also says that it will continue to invest in its platform’s security and stability, enhancing customer experience.
“Japan is a key market for bitcoin-compatible financial products and services, and one of our fastest-growing customer base” said Pavel Matveev, co-founder of Wirex Limited. “We are delighted to have this strategic partnership with the SBI Group. Together we can push bitcoin adoption in the Asia-Pacific region to the next level.”
Dmitry Lazarichev
“The SBI Group has a clear vision and in-depth understanding of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term” added co-founder Dmitry Lazarichev, “We have been selective in the process of looking for the right investor, and finding the best possible fit is important for us. Our customers will greatly benefit from this collaboration.”
As a group whose main operation channel is the internet, SBI joined the global R3 initiative in March 2016 to increase the efficiency of financial markets by using blockchain technology, and proactively explore applying blockchain technology to the financial services of the SBI Group.