Wyre serves as a bridge for fintech companies and projects between the fiat world and blockchain ecosystem via their full suite of APIs, including an instant fiat-to-crypto checkout gateway that allows builders to develop financial applications from the ground up. By covering compliance, licensing, regulation, liquidity, and payment processing, Wyre empowers their partners to develop their products to their fullest potential on blockchain.
Thousands of wallets, exchanges, payment processors, and marketplaces use the world’s leading digital dollar stablecoin, USD Coin (USDC), to power payments on blockchain. However, without sufficient capital or support, fintechs and developers are unable to take advantage of USDC on chains that command high network/gas fees such as Ethereum. Building products and services on these chains can be costly and inefficient, with astronomical transaction fees blocking new entrants from their ecosystems or network outages preventing businesses from maintaining a steady flow of payments.