LONDON, Aug. 13, 2025 /PRNewswire/ — Wirex, a prominent player in the Web3 financial services sector, has announced its integration of EURC settlements through a collaboration with Visa’s stablecoin settlement initiative. This development marks a pivotal advancement in the realm of blockchain-driven payment solutions within Europe.
### Wirex Enhances Web3 Payment Solutions in Europe with Visa’s EURC Settlement
Following a successful trial period, Wirex has officially launched its EURC settlement functions on the Visa Network. This partnership facilitates nearly instantaneous settlements using EURC, a stablecoin that is fully backed by Circle and maintains a 1:1 peg to the euro. The adoption of EURC settlement capabilities is set to optimize Wirex’s cross-border payment processes and improve the efficiency of converting cryptocurrencies into fiat currencies, resulting in rapid, secure, and cost-effective transactions for its users.
“Collaborating with Visa to enable EURC settlements represents a significant advancement in our goal to make digital currencies practical for daily transactions,” stated Svyatoslav Garal, Wirex’s Global Head of Payments. “This enhancement allows us to provide quicker and more dependable transactions, ensuring our customers have a smooth experience when transitioning between cryptocurrencies and traditional currencies. We take pride in being the first to implement EURC settlements within the EU.”
“Visa is continually broadening its stablecoin capabilities on our network, and our partnership with Wirex to facilitate EURC settlements exemplifies this progress,” remarked Rubail Birwadker, Visa’s Global Head of Growth Products and Strategic Partnerships. “This initiative underscores our dedication to modernizing monetary transactions and offering our partners the adaptability to innovate with stablecoins.”
The introduction of EURC settlement capabilities builds upon the existing collaboration between Wirex and Visa, which has positioned Wirex as one of the pioneering crypto-native platforms to issue Visa cards. This development has allowed users to efficiently convert and utilize digital assets in real-world applications, with a transaction volume exceeding $20 billion to date.
The enhancements for the payments sector include: rapid settlements characterized by near-instant processing; improved security and transparency afforded by blockchain technology; and a unified user experience that merges crypto and fiat transactions through immediate conversions at the point of sale, all managed within a single application. These advancements aim to eliminate traditional barriers associated with cross-border payments.
This achievement reflects the shared commitment of both Wirex and Visa to promote the practical utilization of stablecoins in global financial transactions, contributing to the creation of a more inclusive and efficient financial ecosystem underpinned by digital assets.
### Wirex’s Ongoing Commitment to Innovation
Wirex Pay, a trailblazer in stablecoin payment solutions, has previously joined the Circle Alliance Program, a global consortium of entities dedicated to shaping the future of finance. This affiliation reinforces Wirex’s dedication to fostering collaboration and innovation within the stablecoin landscape.
### About Wirex
Wirex is a leading digital payment platform based in the UK, boasting over 6 million customers across 130 countries. The platform provides secure accounts that allow users to easily store, purchase, and exchange a diverse range of currencies. As a key member of both Visa and Mastercard, Wirex transcends conventional services by embracing the evolving dynamics of Web3, thereby facilitating mainstream access to digital finance and wealth management. With a total transaction volume of $20 billion, Wirex is committed to promoting the transition towards a cashless economy by enabling seamless transactions in various currencies globally. The company is dedicated to simplifying digital payments, making them more accessible and user-friendly for individuals around the world.
