LONDON, Aug. 13, 2025 /PRNewswire/ -- Wirex, a leading Web3 money app, has announced it is supporting EURC settlements through Visa's stablecoin settlement pilot, marking a significant milestone in the evolution of blockchain-based payments in Europe.
Following the successful completion of a testing phase, Wirex is now live with EURC settlement capabilities via the Visa Network. This collaboration enables near real-time settlement using EURC, a fully backed stablecoin issued by Circle and pegged 1:1 to the euro.
The integration of EURC settlement allows Wirex to further streamline cross-border payments and enhance the efficiency of its crypto-to-fiat conversion infrastructure-enabling fast, secure, and cost-effective transactions for users.
"Partnering with Visa to enable EURC settlements is a major step forward in our mission to make digital currencies practical for everyday payments," said Svyatoslav Garal, Global Head of Payments at Wirex. "This development empowers us to offer even faster and more reliable transactions, giving our customers a seamless experience when moving between crypto and traditional currencies. We're also proud to be the first to implement EURC settlements in the EU."
"Visa continues to expand our stablecoin capabilities on our network, and our work with Wirex to enable EURC settlement is a strong example of that momentum," said Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships, Visa. "It reflects our commitment to modernizing money movement and offering our partners the flexibility to innovate using stablecoins."
The EURC settlement capability builds on Wirex and Visa's long-standing partnership, which has helped Wirex become one of the first crypto-native platforms to issue Visa, enabling users to seamlessly convert and spend digital assets in real-world scenarios - a model that has since processed over $20 billion in transactions.
Benefits for the payments industry include:
- Fast settlements with near-instant processing times;
- Enhanced security and transparency through blockchain technology;
- Seamless user experience across crypto and fiat transactions , enabled by instant conversions at the point of sale, unified account management in a single app, and stablecoin-based settlement that eliminates traditional cross-border frictions.
This milestone reflects both companies' commitment to advancing the practical use of stablecoins in global payments and helping build a more inclusive, efficient financial system powered by digital assets.
Previously, Wirex Pay, a pioneering stablecoin payments platform, joined the Circle Alliance Program - a global network of like-minded companies focused on shaping the future of finance. This membership reinforces Wirex's commitment to collaboration and innovation within the stablecoin ecosystem.
Notes to editors:
About Wirex
Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.
wirexapp.com
Photo - https://mma.prnewswire.com/media/2749874/Wirex_Expands_Web3_Payments_Europe.jpg
Logo - https://mma.prnewswire.com/media/2031625/5458697/Wirex_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/wirex-expands-web3-payments-in-europe-with-visa-backed-eurc-settlements-302529132.html
