Wirex, one of the most famous cryptocurrency card provider in United Kingdom has recently been awarded with UK’s FCA License on August 21, 2018. The license assures the company’s users a reliable and credible service system and it will also benefit more currencies in the future, according to Wirex twitter post.
As known in UK, FCA license that was given by the Financial Conduct Authority (FCA) was one of the most stringent department in the government that deals with financial entities and markets in order to provide a quality service for their customers. Normally, the said license usually takes up to 12 months before the release of its decision on the applications; making the accreditation a big deal for most financial firms.
Interestingly, “Wirex is the third crypto-friendly company in the world to have been granted an FCA e-money licence” which also means that the company was proven and identified by the organization as a credible crypto firm comparing to other companies.
“We are more than proud to announce that Wirex Limited is only the third
#crypto-friendly company in the world to have been granted an FCA e-money licence. What does this mean for us? And more importantly, for you?” Wirex tweeted.
Wirex as UK’s pride in the crypto space begun its services 4 years ago which now evolves on having two million customers all over the world. With this said, Wirex’ being granted with FCA License gives more credit with the company and especially to the industry of crypto itself. Even Wirex’s co-founder Dmitry Lazarichev sees the sudden accreditation as a great achievement for the company that gives him more confidence to provide great service for their customers. He even stated that Wirex will ensure their mission to give a “best in class platform” for their users.
“The license is a testament to the fact that the company is committed to pursuing and achieving the highest levels of diligence and integrity in its business operations” Lazarichev stated in an interview.
The card company recently announced their supported cryptocurrencies such as bitcoin core (BTC), litecoin (LTC), ripple (XRP) with exchanges of USD, EUR and GBP.
As the company assures its customers a world-class crypto services, Wirex’s another co-founder, Pavel Matveev said that the company will always go with the regulators and comply with the needed law enforcement when it comes to cryptocurrencies in order to give service across the globe.
“We’re on a path of continuous improvement and focusing on these important milestones is key to achieving our ambitious global expansion plans. The FCA e-money license is just the first step to creating a broad and versatile offering that meets the varying needs of consumers worldwide,” he said.