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According to a release, the service removes the garbled information often found in a card transaction and replaces it with the merchant name, location and, perhaps, associated brand. The features is available for both fiat currencies and the 20 digital currencies supported by Wirex. The company expects the feature will be beneficial for users when they review transactions.
Pavel Matveev, CEO and co-founder of Wirex said they have tried to make the often-confusing world of crypto more appealing for everyday users.
“Partnering with Snowdrop will give our customers access to even more cutting-edge and convenient financial features that add value to their lives, whilst bridging the gap between the traditional and digital economies.”
Wirex reports over 3.5 million customers, across 130 different countries, and allows users to spend crypto in-store at over 61 million locations with their Wirex debit card. Utilising Snowdrop’s Merchant Reconciliation System (MRS) technology, the service also enables Wirex to capture unique spending insights and share with its customers better ways to visualise financial habits and patterns.
“We’re excited to partner with Wirex,” said Ken Hart, CEO of UK-based Snowdrop. “They put quality customer experience and transparency at the forefront of their business and are committed to lead by example.”
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