Wyre (SendWyre) is a blockchain technology initiative that partnered with MakerDAO stablecoin solution and the Plasma DEX Altcoin.io for implementation of compliant decentralized trading. Funded privately by the likes of DCG or Tim Draper.
Wyre: About the Platform
Wyre is a blockchain initiative that does not develop particular solutions as a final product, it is a generic method that can be implemented to create pathway for traders entering the cryptoasset space for the very first time through fiat.
Thanks to Wyre it is possible that the new investors may easily enter the markets directly through a DEX, with the right implementation the need to buy cryptocurrencies on a centralized exchange first is eliminated.
The fiat-crypto bridge is a is a regulated service working via a ERC-721 compliance token on the Ethereum blockchain: They verify that you are who you say you are, mint a non-fungible token for you and after this one-time process you are free to start trading with compliant liquidity on a DEX.
On top of this solution Wyre also has a crypto OTC desk for BTC, BCH, ETH, LTC, ZEC and ERC20 tokens.
Wyre is currently hiring.
The Business Intelligence for Wyre
Wyre is a project of Wyre Payments, Inc based in San Francisco at address 1550 Bryant Street, STE 750, San Francisco, CA 94103.
Wyre Payments is a registered money service business (NMLS ID: 1574869).
- Michael Dunworth, CEO & Co-Founder - Start-up entrepreneur
- Ioannis Giannaros, COO & Co-Founder - Formerly in digital marketing
August 2018 - SendWyre partnered with Altcoin.io to implement compliant fiat to crypto pathway on the Plasma DEX, targeting new crypto traders and investors.
August 2018 - SendWyre partnered with MakerDAO, the organization behind Dai stablecoin, to give businesses immediate access to the stablecoin. The service is regulated and available both as an on-ramp and off-ramp in 30+ countries including the USA against major fiat currencies (USD, EUR, AUD, GBP, CAD, HKD, CNY).
Investing in Wyre
The funding in SendWyre has been private placements only. There have been several rounds dating back to 2013 through Angel List.
- Digital Currency Group seed fund
- Draper Associates early stage venture fund by Tim Draper
- Boost Bitcoin Fund and Boost VC incubator
- Brad Stephens of Blockchain Capital LLC
Documents archived for Wyre
Data is beautiful
Comparing Forex Market with Cryptocurrency Markets (Infographic)
One of the few metrics that cryptocurrency markets have in common with the forex markets in 2018 is the high percentage of total trades being located on few most popular markets.
Blockchain Technology 101: Blockchains, Blocks and the Role of Price [Infographic]
Blockchain technology 101: What is blockchain, what types of blockchains exist and what role does the cryptocurrency price play.
Real-world companies that accept crypto payments [Infographic]
Infographic - Graphic map of businesses that let customers pay in bitcoin.
Infographic: Blockchain Hacks & Crypto Trading Platform heists 2018 vs 2017
Blockchain infographic comparing the biggest crypto heists of 2018 and 2017. In 2017 the focus lied more on ICOs, smart contracts and wallet.
15 crypto kings that are making history with their engagement in the field of cryptocurrencies
Coining The Bucks With Cryptocurrencies Have you ever wondered how much masters of the cryptocurrencies are worth? Like the guy who founded Ethereum, or the one who started Ripple, for example. The answer, in short,...
The Good And The Bad Of ICOs
Infographic: The good and bad of ICOs - Which token sales raised the most money in 2018?
Industry News Releases
Open Data Exchange announced an important milestone: a commitment of more than 60 MM USD...Read >>
- Zilliqa announced blockchain grants for technology developers
- Wyre acquired Hedgy, platform for smart contracts on Bitcoin
- Etheremon launches new game mode that gives players full control of their in-game assets
- Fintech company Nexo offers to buy SALT Lending
- Universal Protocol - new platform for practical interoperability of blockchains - gets backing of capital asset management firms
- Blockchain KYC Platform traceto.io Partners with Yincubator