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
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