TransferWise is privately launching a borderless account and debit card; the move is beginning to draw comparisons to other fintech companies like Revolut; the account will be rolled out in a small launch then a full launch thereafter; the account will give you access to local bank details for the UK, US, Australia and Europe, as well as allowing you to hold and convert 28 currencies; the move is not seen as replacing the current account but is instead a partner account; the account would allow people working in different countries to convert to their local currency without the hassle of additional fees or having to join a local bank. Source.
