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Wirex Approved to Issue Mastercard-Backed Bitcoin Debit Cards

Mastercard said Monday it had granted Wirex principal membership status, becoming the “first” native cryptocurrency outfit to do so. The membership allows Wirex, a London-based digital payments firm, to issue payment cards directly to consumers, making it easier for people to buy, hold and exchange crypto into fiat money. Raj Dhamodharan, Mastercard’s executive vice president on digital assets and blockchain, said the deal was part of an expansion of the company’s digital assets program, which has now been relaxed to enable other emerging crypto firms to become principal members. “The cryptocurrency market continues to mature … our work with Wirex…

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