Payment firm Wise rules out crypto remittances support citing high costs

British-based fintech firm Wise British-based fintech firm Wise has ruled out the possibility of facilitating cross-border crypto remittance, citing high costs for now. The payments platform, however, noted that cryptocurrencies come with additional advantages like speeding up the money transfer process but stated that it’s avoiding the costs of exchanging money. In this line, Barreiro noted that Wise is also exploring the Latin America region for the crypto option while singling out the vibrant digital assets market in the area. At the moment, Wise only allows users to purchase cryptocurrencies using funds in their accounts.