Wirex, a bitcoin and crypto wallet platform, today introduced IBAN on EUR accounts for users in Spain and France while also raising account limits. Users in the EEA are now able to fund their accounts with £15,000, €16,000 and $20,000 respectively.
“Following collaboration with our financial partners, we have been able to expand our payment offering,” explains Wirex co-founder Pavel, Matveev. “We want to improve the Wirex experience for all users whilst continuing to bridge the gap between our service and conventional finance platforms.”
IBANs (International Bank Account Numbers) were first adopted by the European Committee for Banking Standards (ECBS) to facilitate cross-border payments within the EU. Since then, the function has been adopted globally, with some 69 countries from Asia to the Caribbean using the IBAN system to help fulfill international remittances.
Wirex accounts include a Visa debit card as a method of payment. The company was approved last month to receive an FCA e-money license.