Payments Platform Wirex Launches Iban for Spanish and French Users, Doubles Acco

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Wirex on Friday announced it had introduced International Bank Account Numbers (Iban) on its Euro accounts for customers in Spain and France. The bitcoin and cryptocurrency wallet firm also doubled account thresholds for users within the 31-member European Economic Area (EEA) to between $18,560 and $20,000, meaning customers can credit their accounts by that much.

Spanish and French Users of Wirex Now Have Ibans, Spending Limit Doubled

London-based Wirex, a crypto-based Visa card payments company, said on September 28 that it had raised the funding limits for account holders in the EEA to £15, 000, €16,000 and $20,000. An Iban, a function which allows for cross-border payments for citizens of the European Union (EU) and elsewhere around the world, has been introduced for users in Spain and France, the company said.

According to Wirex co-founder and chief executive officer Pavel Matveev, the development is a result of collaborative efforts “with our financial partners, we have been able to expand our payment offering.”  Matveev said:

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