Wyre payments

Wyre Joins Visa’s Fintech Fast Track Program

San Francisco, CA, Aug. 19, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire) Wyre, a leading fiat-to-crypto and payment infrastructure company, has to date processed millions of Visa credit and debit card transactions from 60 countries. Today, Wyre announced a deepening of that collaboration with Visa. Through its acceptance into Visa’s Fintech Fast Track Program, Wyre will gain unprecedented access to Visa technology and resources, leveraging the reach, capabilities, and security of Visa to build the next generation of fintech innovations.

Through Visa Fast Track, Wyre will be able to provide additional functionality to Wyre's users, allowing them to seamlessly move money between crypto and fiat with two new offramp offerings. Firstly, Wyre’s push-to-debit program will enable instant payouts of crypto holdings to users' bank accounts via their Visa debit cards. Furthermore, Wyre’s card issuance program will enable users to safely and conveniently convert and spend their Wyre-hosted balances in realtime on newly-issued Visa debit cards, advancing Wyre’s commitment to bring crypto to the masses.

Visa’s Fintech Fast Track Program provides startups like Wyre direct access to Visa’s growing partner network as well as its experts who can help expand their business in the most efficient way possible. Learn more about Visa’s Fintech Fast Track Program at https://partner.visa.com/site/programs/fintech-program.html.

“We want to serve as the bridge between the crypto ecosystem and our global network of 70 million merchants,” said Cuy Sheffield, head of crypto at Visa. “We’re excited to work with platforms like Wyre, which are working to make it easier for users to spend from their digital currency balance— anywhere Visa is accepted.”

“Joining Visa’s Fast Track Program enables us to double down on our mission to bring crypto to the masses. Our relationship with Visa makes it simple for end users to easily and safely spend their cryptocurrency balance. Wyre has always placed an enormous emphasis on security and we are delighted that we have a direct relationship with Visa, as well as having support and resources from them as we scale” said Wyre CEO, Ioannis Giannaros.

About Wyre

Wyre is the leading fiat-to-crypto and payment infrastructure company for the crypto ecosystem. Focusing on developers, the company provides easy-to-integrate APIs which enable thousands of developers to bring crypto to the masses. The company has “on-ramped” over 15 million end-users to their partners and has processed over $10B in payments since inception. “Checkout”, Wyre’s flagship product, is the world's fastest fiat-to-crypto gateway and has helped hundreds of crypto applications better reach their customers. Wyre has been an active player in the crypto space since 2013, supporting customers in over 100 countries worldwide, and empowering them with seamless access to blockchain technology. For more information, please visit www.sendwyre.com

###

Media Contact:

Victoria Grigoryants

[email protected]

https://www.sendwyre.com


Sours: https://www.globenewswire.com/news-release/2021/08/19/2283901/0/en/Wyre-Joins-Visa-s-Fintech-Fast-Track-Program.html

US-based fiat-to-crypto and payment infrastructure company Wyre is set to launch simple payment solution integrations for projects across the Algorand ecosystem.

This partnership with Algorand will help developers building on the Algorand blockchain to easily deploy any of Wyre’s APIs.

It is expected to help projects, such as decentralised financial applications and tokenized marketplaces, to integrate payment solutions in a matter of few hours.

Wyre said that the developers on Algorand will get access to its Checkout and Card Processing APIs from next month.

This will enable end users to transact in Algorand-supported currencies including native ALGO coin, as well as USDT and USDC on Algorand.

They will be also able to swap other cryptocurrencies into Algorand native currency and to earn yield on their Algorand assets.

Wyre CEO Ioannis Giannaros said: “Wyre is pleased to reveal our latest partnership with Algorand. Thanks to this partnership, developers can go to market sooner and provide their end users with enhanced functionality.

“We are looking forward to working closely with the Algorand team in the coming weeks and months to provide their developer ecosystem with further resources so they can get building and broaden the Algorand ecosystem even more.”

As part of the partnership, Wyre will make Algorand assets available across all current and future Checkout API deployments.

These assets can be purchased using a debit card and via ACH.

Algorand chief product officer Paul Riegle commented: “Wyre’s compliant payment infrastructure will enable Algorand-based projects to dramatically accelerate their go to market timelines.

“These exciting integrations will create new, frictionless on-ramps for users to the booming ecosystem of DeFi services, NFT markets, gaming platforms and more on Algorand.”

In 2016, Wyre launched blockchain cross-border payments platform, following $5.8m in Series A funding.

Sours: https://www.electronicpaymentsinternational.com/news/wyre-to-launch-simple-payment-solution-integrations-for-algorand-ecosystem/
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    Blockchain-based payments firm Wyre has joined Visa’s Fintech Fast Track Program, allowing Wyre to integrate Visa’s technology and additional functionalities.

    • Wyre said it will now be able to provide additional functionality to its users, allowing them to move money between crypto and fiat with two new offerings.

    • Wyre’s push-to-debit program will now allow instant payouts of crypto holdings to users' bank accounts using the Visa debit cards.

    • Secondly, Wyre’s card issuance program will allow its users to convert and spend their balances in real-time using Visa debit cards.

    • The Visa Fintech Fast Track Program was launched in the U.S. in July 2019 to enable fintech startups to leverage Visa’s network, resources and services to scale quickly.

    • Visa’s program will also give Wyre direct access to its partner network as well as its experts who can help expand their business in the most efficient way possible, said the firm in a press release.


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    Sours: https://www.coindesk.com/business/2021/08/19/visa-adds-crypto-payments-startup-wyre-to-its-fast-track-payments-program/


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