Exodus taps Worldpay to enable crypto purchase using cards
Self-custodial wallet provider Exodus has announced the launch of a new feature XOPay, in partnership with paytech company Worldpay.
XOPay is a feature that permits consumers to buy cryptocurrencies within the self-custodial wallet using credit or debit cards.
Worldpay will facilitate a native checkout experience for users.
Set up in 2015 and based in Omaha, Exodus has offered a secure platform for individuals to store digital assets away from exchanges.
The firm's user base, now at over five million, can use their preferred payment cards to purchase digital currencies directly within their Exodus wallet.
This move aims to streamline the cryptocurrency acquisition process, enabling users to natively purchase and retain digital currencies within a single platform.
Furthermore, Exodus will leverage Worldpay's flagship fraud detection system, FraudSight, to enhance security and transaction authorisation rates.
At present, the card purchase functionality is accessible to Exodus customers in the US, with intentions to broaden the service to other regions in the forthcoming months.
Worldpay fintech growth and financial partnerships head Nabil Manji said: 'Worldpay's card payments capabilities for crypto purchases have been making it easier for consumers to buy their favourite assets for more than a decade, and companies like Exodus are working to empower consumers to protect their assets through self-custody.
'Meanwhile, Exodus's customers will enjoy even easier ways to buy Bitcoin and other cryptocurrencies directly within their own wallets.'
Exodus CEO JP Richardson stated: 'Our number one focus is on delivering the best customer experience in the market, which is why we wanted to work with Worldpay to bring this critical feature to our platform.
'We couldn't be happier to be the first self-custodial wallet to enable native card payments directly embedded in our platform by working with Worldpay.'
Recently, Worldpay collaborated with BVNK to provide stablecoin payout services to Worldpay's global clientele.
"Exodus taps Worldpay to enable crypto purchase using cards " was originally created and published by Electronic Payments International, a GlobalData owned brand.
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