The Crypwex.com crypto exchange offers instant withdrawals in almost 40 countries, including the USA and the UK.
The new feature will be supported with Visa and Mastercard cards. Crypwex announced that its customers in the US, UK and Europe will be able to withdraw funds using a linked Visa debit card. In the US, they will also be able to withdraw money using their Mastercard.
“By enabling real-time card withdrawals through the Visa Direct capability, Crypwex is delivering a faster, simpler and more connected experience for its users — making it easier to convert crypto balances into fiat, which can be spent at the more than 60M [million] merchant locations where Visa is accepted,” said Terry Angelos, SVP and global head of fintech at Visa.
Sherri Haymond, executive vice president of digital partnerships at Mastercard, said Crypwex would leverage Mastercard Send, allowing its customers to withdraw and use their funds wherever Mastercard debit is accepted.