Cryptocurrency RegulationNews

Wirex USA Gets License From the State of Georgia For its US Expansion

UK-based payment processor and cryptocurrency card providing company, Wirex is now seeking the US expansion and has taken the first step towards it by receiving a license from the State of Georgia. According to an official announcement made by Wirex on August 7, 2020, the State of Georgia Department of Banking and Finance has granted the first money transmission license to Wirex USA which will allow the company to expand its cryptocurrency services to the United States.

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Wirex is bringing services to the US

The payment processor company is currently operating across 130 countries offering its services to approximately three million users and providing them the facility to buy and trade cryptocurrencies. Now, Wirex has decided to bring its cryptocurrency services to the residents of the United States and has got the license of money transmission from the Georgian state which marks the next step towards its US expansion.

After receiving the license, the firm is now permitted to serve the population of the US and can offer its top services to them by engaging the money transmission business there.

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An important step towards worldwide regulatory compliance

While commenting on this achievement, Pavel Matveev, the Founder and CEO of Wirex said that this marks an important step for the company as it is committed to showing compliance to regulations all across the whole world. Matveev said:

“We are very excited to receive our license as a money transmission business for the State of Georgia. With the sector growing rapidly, approval of this license is an important step in Wirex’s endeavour to ensure the company complies with money transmission regulations and cryptocurrency laws worldwide. This is an important step in realising our vision to grow cryptocurrency adoption and use with a mainstream audience in the US.”

The USA Managing Director of Wirex Harold Montgomery said that users should know that Wirex strictly follows regulations and they should not worry about their assets as they are safe with the company. Adding more to it, the managing director said, “we look forward to putting the power of Wirex in the hands of our US customers in the coming months.”

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MubaShar Nawaz

MubaShar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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