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Wyre Expands API to Drive Compliance and Liquidity to Decentralized Exchanges and Applications

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Wyre Expands API to Drive Compliance and Liquidity to Decentralized Exchanges and Applications

New API will allow cryptocurrency companies to compliantly onboard customers in 5 countries, instantly convert both crypto and fiat currency, and send payments globally

PR Newswire

SAN FRANCISCO, Aug. 15, 2018 /PRNewswire/ -- Wyre, the leading blockchain money transfer company which has traded over $3.5 billion of cryptocurrency assets, having been servicing reputable OTC trade desks, crypto exchanges, and brokerage services around the globe, today announces the company's focus to drive liquidity to decentralized exchanges and to help cryptocurrency applications to interact with the traditional world of banking. The new service offers cryptocurrency companies with an API which allows them to compliantly onboard customers in 5 countries, instantly convert both crypto and fiat currency, and send payments globally.

"Crypto companies spend a lot of time and money trying to navigate the regulatory space. It's tough," says Michael Dunworth, CEO and founder of Wyre. "Wyre is taking its first step toward allowing the developer community to tap this infrastructure of compliance, banking, and liquidity through one API, so that they can focus on building products that progress the ecosystem. Ideally, we can bring the go-to market time from 6 weeks to 6 hours."

As part of this announcement, Wyre has partnered with AirSwap, a leading decentralized trading network, to integrate the new offering. With its new conversational trading product, Airswap users will now be able to onboard quickly, exchange fiat currency to cryptocurrency within their self-custodied Ethereum wallets, and trade directly on the decentralized network in a compliant manner. With a few lines of code, AirSwap now allows its users to interact with the fiat world without worrying about AML/KYC onboarding and compliance issues, which Wyre handles from end-to-end right out of the box.

"As we offer more sophisticated ways to participate in the AirSwap network, having Wyre handle fiat and compliance lets us focus on our products," says Don Mosites, co-founder of AirSwap. "The decentralized web needs services like these to thrive, and we're thrilled to be working with Wyre to minimize headaches and maximize the decentralized trading experience."

Wyre's API documentations can be found on their website, https://www.sendwyre.com/docs/, and signing up for a partner account is free during the company's promotional period. Exchanging crypto assets has a trading fee of 0.25% per transfer. Wyre's service is available in over 30 states within the USA, Australia and Hong Kong, with payout capabilities to over 50+ countries, and exchange capabilities into 8 major fiat currencies and 10+ cryptocurrencies.

To learn more about Wyre's services, please visit: https://www.sendwyre.com

To start trading on Airswap, please visit: https://www.airswap.io/

About Wyre, Inc.

Wyre utilizes blockchain technology to execute cross-border payments for businesses and individuals faster and cheaper than banks. Founded in 2013 as one of the original infrastructure 1.0 crypto companies, Wyre has traded $3.5 billion in cryptocurrency assets in-house and have completed more than $750 million in bank-to-bank commercial FX payments. Wyre has expanded its global infrastructure to include relationships with counterparties to procure not only same-day settlement but deep liquidity and best pricing and execution. Funded by renowned VCs in Silicon Valley, Wyre is a well-vested company in the digital currency community, with users in 50+ countries, with features in Forbes, WSJ, NBC, Bloomberg, Coindesk and more. They are headquartered in San Francisco's Mission district. For more information, please visit www.sendwyre.com.

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SOURCE Wyre

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