A new debit card for an account which allows the exchange between cryptocurrencies and traditional currencies has launched.

Wirex says it is currently the only provider in Europe to allow the spending of cash which has been converted from cryptocurrencies, bypassing cumbersome crypto exchanges.

Its app allows users to make online payments, payouts, acceptances, salaries and international money transfers, globally, in minutes.

It has now integrated its debit cards into its multi-currency – pounds sterling, Euro and US dollar – current accounts.

“Wirex is the only provider in Europe right now to offer crypto, converted into fiat, for everyday spending on cards,” said Pavel Matveev, CEO at Wirex.

“Transactions in stores, buying goods online or withdrawing money from ATMs just got much easier.

“We were the first to bring such cards to the world and now we’re the first to bring converted cryptocurrency accounts with new contactless debit cards.”

Wirex has more than 1.5 million customers around the world. The new accounts and cards are already available in the UK and will launch in other EU countries at the end of the month.

It added that accounts for people in Japan and South East Asia will follow.