Blockchain Firm Wyre Releases List of 2019 Achievements & Future Aims

Wyre is a renowned crypto infrastructure providing platform that allows its wide global customer base to indulge in convenient transactions. The platform offers a revolutionary API solution that renders the investors to convert their fiat money into their favorite cryptocurrencies. With a network spread over 50 countries around the globe, Wyre has established itself as one of the best entities in the fintech arena. Established in 2013, Wyre boasts of an expert team of individuals which comprises of early crypto enthusiasts, product experts, and technology lovers.

Supported and funded by the prominent venture capitals in the popular Silicon Valley, the blockchain-pegged platform bases its offerings in compliance with the legal obligations, licensing, and regulatory frameworks. The acknowledgeable attributes of the Wyre community have been appreciated by the crypto community in a big way. Wyre has been applauded for its achievements by big platforms such as Forbes, NBC, Bloomberg, Coindesk, and others. The firm has been constant to fetch in the best deals for its customers and partners and has been adamant in strengthening the crypto community as a whole.

In an official post, Wyre has revealed all the breakthroughs achieved by its team in 2019. This article highlights the achievements accomplished by Wyre in the gone year, have a look:

  1. The Wyre V2 Widget Launch

The launch of the highly anticipated V2 widget was a notable step taken by the community for achieving its primary objective of simplifying the payments. The widget allowed the partners and customers to quickly indulge in trading activities via Apple Pay and Free From debit cards. The solution is simple, secure, quick, and easy to operate. The users didn’t need to boggle their minds in compliance procedures as the KYC/AML was taken from the user by tapping the information provided by Apple Pay and Google Pay. It helped the investors to go from 0 to crypto in less than 20 seconds. The users can quickly integrate the Wyre-supported Apple Pay/Google Pay checkout into their web app conveniently.

  1. Quick Payouts To Debit Cards

Wyre rolled out the private beta version of its Debit Card Payouts feature in 2020 for a handful of partners to test. The feature allowed users to send money to any account’s debit card connected to the network. One can use the facility 24/7 with a charge of a 1.5% fee for all Instant Payouts. The funds are shown in the transferred account within 30 minutes.

  1. Blockchain Addresses Attached To Payment Methods

In 2019, Wyre made a major announcement by stating that all the payment methods created by the developers for sending and receiving money on the API will have blockchain addresses attached to them. When crypto is sent to these addresses, the holdings get converted into fiat money instantly and is sent to the payment method.

Wyre’s Future Plans For 2020

The Wyre team thanked all its customers and partners for showing trust in their products and offerings in 2019 and strengthening the community as a whole. The post mentioned that Wyre is looking forward to enhancing the level of their products and open doors to new developments and innovations.

The chief pointers to look forward in 2020 will include:

  • Reduced fee for debit cards and ACH transfers
  • Easy and streamlined onboarding and accessing of API services
  • Proliferating into new markets
  • Improved documentation
  • Better opportunities for team interaction
  • New tools focused on increasing the popularity of the client products

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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