Wirex adds SEPA and Faster Payments for UK customers

Wirex, a UK-based crypto platform has introduced support for SEPA Instant and Faster Payments, allowing its UK and EEA (European Economic Area) customers access to two new methods to easily deposit to or withdraw from their accounts using GBP and EUR.

According to the platform, the additional top up methods complements the existing credit/debit card use. However, with the SEPA (Single Euro Payments Area) Instant and Faster Payments features, customers have more flexibility and will benefit from instant and no-cost transfers to the Wirex accounts or bank.

Wirex plans to add support for Plaid, another popular deposit and withdrawal method used across the EEA, UK, and US.

Instantly buy crypto

With the Wirex app supporting SEPA Instant and Faster Payments, customers have another avenue to make instant transfers, topping up their accounts and wallets to buy crypto.

Users can hold the crypto assets or use the intuitive app to exchange/sell. The app also allows customers to spend directly at more than 80 million locations where the Wirex Mastercard is accepted.

Pavel Matveev and Dmitry Lazarichev co-founded Wirex in 2014, the core objective being to make access to crypto and its use in daily life easy.

The platform, which currently offers its services across 130 countries, serves more than 5 million users. It provides access to over 150 crypto and traditional currencies and has a Wirex card, wallet, and utility token WXT.Earlier this year, Wirex announced integration with Avalanche (AVAX/USD), allowing millions of its customers to access the blockchain ecosystem via the Wirex Wallet and app.