CEX.IO, a global cryptocurrency exchange based in the UK, announced earlier this week it has selected FIS (NYSE:FIS) to provide card management and processing services for a new line of crypto-based consumer debit cards across Europe.
Established in 2013, CEX.IO states it providers reliable services backed by cold cryptocurrency storage, financial viability, high security, and KYC/AML best practices.
“CEX.IO Exchange was one of the first platforms to make fiat-to-crypto transactions accessible by offering card payments and bank transfers to the clients. Currently, we provide a variety of trading tools for Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Litecoin, Tron, and other crypto assets. You can trade these cryptocurrencies for USD, EUR, GBP, and RUB. We know that mobility matters, so we’ve enabled trading through a website, iOS and Android mobile apps, WebSocket, and REST API.”
Speaking about the collaboration, Kelly Beatty, Head of Payment Solutions at FIS, stated:
“As cryptocurrencies continue to gain mainstream adoption, consumers are increasingly seeking simple, convenient payment methods for making crypto-based purchases using cards and other familiar financial products. We’re delighted to expand our relationship with CEX.IO to help them provide exciting new card options to their customers and support their continued growth.”
Konstantin Anissimov, Executive Director at CEX.IO, further commented:
“FIS and Worldpay have proved to be a trusted and reliable technology partner and we are thrilled to have expanded our relationship with them. Their expertise and industry know-how will help us simplify our business operations and help us seamlessly introduce virtual and physical cards to our customers.”