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Visa Adds Crypto Payments Startup Wyre to Its Fast Track Payments Program

Wyre, a blockchain-based payments company, has joined Visa's Fintech Fast Track Program, giving it access to Visa's technology and other features.

• With two new offers, Wyre claims it will be able to provide more functionality to its users, allowing them to move money between crypto and fiat.

• Wyre's push-to-debit scheme now allows customers to get instant payouts of their crypto holdings to their bank accounts via Visa debit cards.

• Second, Wyre's card issuing program will enable customers to convert and spend their balances with Visa debit cards in real time.

• In July 2019, Visa announced the Visa Fintech Fast Track Program in the United States, allowing fintech firms to fast scale by leveraging Visa's network, resources, and services.

• According to Wyre, the Visa program will give them direct access to Visa's partner network as well as professionals that can assist them build their business in the most efficient way possible.

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