Cryptocurrency card issuer, Wirex has expanded its operations to Canada, where the residents of the country will have the opportunity to use crypto as if it was the traditional currency with the aid of the company’s debit card.
The New Crypto Haven?
Canada is once again proving that it is the country to beat in the crypto industry. This is largely due to its crypto friendly policies, which has attracted both crypto startups and the already established ones into the country.
The latest crypto firm in North American to pitch its tent in the country is Wirex, a card issuing company. The firm indicated its readiness to offers Canadians access to crypto wallets that are directly linked to debit cards, making spending cryptos smooth and easy.
Blockchain technology is said to have gained ground in Canada, likewise cryptocurrencies, part of the daily life in the country. With the country boasting of over 590 Bitcoin ATM centres across the country.
The reason why Canada is a destination of choice by Wirex is not farfetched, as the country leads the way in Ethereum Blockchain tech adoption despite the United Kingdom and the United States is ahead in ranking for traditional blockchain adoption.
The Canadian government, as an institution supports the use of cryptocurrencies, unlike other countries which have through the use of strict rules tried to battle the virtual currency in the country. The populace is also in support of the virtual currency.
Wirex is not new to Canada, as the populace has long been enjoying the services of its Wirex Litecoin, Bitcoin, XRP and Ethereum compatible cryptocurrency wallet.
The firm is dedicated in its quest to dominate the industry making it a global brand to be reckoned with. The firm already boasts of a customer base that is well over 800,000 in 130 countries. The Canadian market will surely be a challenging terrain, due to the competition it will face from other competitors that offer the same services.
In other to create a unique service to its customers, Wirex is planning to connect fiat accounts to Wirex visa cards, enabling its customers to spend their cryptos conveniently.