Wyre, a project looking to lower “the barriers to entry for fintech entrepreneurs around the world,” is bringing something called an “on-ramp” to the table. Their goal is to make crypto payments more easily accessible so companies in the space can work better with fiat, according to a blog post from the company.
Interestingly, the post starts with the company stating that they had tried to work with as many partners as possible when developing their on-ramp situation. However, that ended up being overwhelming for them, so Wyre’s engineers found a new solution to on-ramping. Thanks to the community of developers out there, Wyre was able to achieve the following solution, otherwise known as Wyre V2.
The post describes Wyre V2 as “simple, secure, fast, and requires only a few clicks from users. KYC/AML is abstracted from the user by leveraging the information already provided by Apple Pay ® and Google Pay ™.” Essentially, users and companies can use their crypto without needing a whole ton of extra information – only the stuff already saved in their devices.
Arguably, their biggest issue beforehand was the know-your-customer (KYC) flow. While user information is vital to ensuring legitimate users are on the platform, they had to manually input it all which could be frustrating. The change here is what’s mentioned above – pulling the information from Apple Pay and Google Pay.
The fees for these transfers will soon be cheaper as well, and for companies, they can now integrate or embed a “Wyre-branded Apple Pay/Google Pay checkout” into their application.
There are more features to come as well, but what’s great here is that more companies are finding ways to introduce cryptocurrencies to the mainstream: something that will ensure these digital assets’ success in the long run.
Click here to know more about Crypto Trading.
Trusted & Regulated Stock & CFD Brokers
What we like
- 0% Fees on Stocks
- 5000+ Stocks, ETFs and other Markets
- Accepts Paypal Deposits
Min Deposit
$200
Charge per Trade
Zero Commission on real stocks
64 traders signed up today
Visit Now67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Available Assets
- Total Number of Stocks & Shares5000+
- US Stocks
- German Stocks
- UK Stocks
- European
- ETF Stocks
- IPO
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 Zero Commission
- NASDAQ Zero Commission
- DAX Zero Commission
- Facebook Zero Commission
- Alphabet Zero Commission
- Tesla Zero Commission
- Apple Zero Commission
- Microsoft Zero Commission
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
- Paypall
- Skrill
- Neteller
What we like
- Sign up today and get $5 free
- Fractals Available
- Paypal Available
Min Deposit
$0
Charge per Trade
$1 to $9 PCM
Visit Now
Investing in financial markets carries risk, you have the potential to lose your total investment.
Available Assets
- Total Number of Shares999
- US Stocks
- German Stocks
- UK Stocks
- European Stocks
- EFTs
- IPOs
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 $1 - $9 per month
- NASDAQ $1 - $9 per month
- DAX $1 - $9 per month
- Facebook $1 - $9 per month
- Alphabet $1 - $9 per month
- Telsa $1 - $9 per month
- Apple $1 - $9 per month
- Microsoft $1 - $9 per month
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
Share
Max Moeller
