According to an official press release dated February 27, Wirex, a digital payments firm has come up with a significant update for its platform (Wirex 3.0) in which the platform has further added ten new fiat currencies. Following the update, all the Wirex users located in EEA (European Economic Area) will have ‘unconditional access to over the counter rates for various cryptocurrency exchanges along with interbank rates for conventional currency exchanges.
The press release published on February 27 further clarifies that the update mentioned above will also be bringing the same features for its users in the Asia-Pacific region and Canada which will permanently permit the users to work their Wirex accounts in their local fiat currencies for the first time.
On the ‘Money Management’ page on Wirex, there is a statement which notes that the Wirex platform now supports a total of 15 fiat currencies including the newly advertised ones like the Singapore Dollar, Hong Kong Dollar, and the Australian Dollar.
In addition to these new features, the updated of Wirex also offers advanced methods of transferring money in and out of bank accounts while enabling support for SEPA and SWIFT (the United Kingdom-based Faster Payments.)
The announcement also highlights the fact that the new and updated version of the Wirex platform also features a transparent fee structure. Previously in the month of August 2018, Wirex was given the third e-money license which was issued by UK regulator – the Financial Conduct Authority to a company related to cryptocurrency.
In the past, GreySpark (management and technology consulting firm) came out with a report that the United States dollar is the most traded fiat currency against cryptocurrency ever.