Wirex adds another crypto: Nano now available in the Visa circuit
Wirex adds another crypto: Nano now available in the Visa circuit

Wirex adds another crypto: Nano now available in the Visa circuit

By Fabio Lugano - 13 Feb 2019

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Wirex, the credit card payment system connected to the VISA circuit, announces the addition of another crypto, Nano, to its wallet of virtual and fiat currencies.

This choice introduces the possibility of paying with NANO in more than 40 million businesses worldwide, thus transforming it into an authentic widespread payment system.

In the press release announcing the development, Wirex mentions the specific features of the virtual currency, i.e the “Lattice” technology, which manages a blockchain for each user who then comes to interact with the blockchains of other users according to a principle of “Viscosity” that, among other things, allows managing a large number of transactions simultaneously, making the blockchain highly scalable.

Wirex adds crypto Nano

Moreover, NANO’s crypto mining has a low energy impact and therefore can be defined as “Eco-Friendly”.

Beyond the unique technological characteristics of NANO, the addition to Wirex, and therefore to the Visa circuit, allows a previously unknown usability of cryptocurrencies in the real world, incentivised by a payback of 0.5% for each purchase made using NANO through a Wirex card.

NANO, which capitalises 115 million dollars, reported a significant increase in volumes and a 7% increase in value.

Wirex also features Bitcoin, Litecoin, XRP, ETH, Wollo, Waves and DAI in its cryptocurrency selection, as well as fiat currencies such as USD, Euro and GBP. Wirex also allows to easily transfer funds between cryptocurrencies and fiats or between fiats and fiats, remaining always within the same circuit and without charging fees.

Fabio Lugano

Graduated with honors from Bocconi University, Fabio is a consultant for companies and wounded shareholders of the Banche Venete. He is also the author of "Scenari Economici", and lecturer and analyst of cryptocurrencies since 2016.

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