Blockchain Payment Firm, Wyre, Gets A $5M Investment From Stellar Development Foundation

2021-1-27 22:02

In a press statement shared with BitcoinExchangeGuide, the foundation stated that it is investing $5 million worth of Enterprise Funds that will help introduce various payment application programming interfaces, commonly known as APIs, which can integrate with different apps within the Stellar ecosystem.

The foundation also explained that on/off ramps for Stellar USDC will also be rolled on for the existing fiat pairs consisting of USD, GBP, CAD, AUS, and EUR.

Founded in 2013, Wyre has executed transfers of more than $5 billion and provides advanced services to both businesses and individuals such as crypto to fiat ramps, crypto wallet infrastructure, savings account, and foreign exchange others.

The foundation stated that the addition of Wyre to the Stellar network would help create crucial payment infrastructure and allow for relationships that will connect to the international financial system.

“Growing the network of Stellar anchors— stablecoin issuers and on/off ramps — is fundamental to how Stellar connects global financial systems with blockchain technology. Bringing Wyre's industry-leading payment APIs to the Stellar ecosystem will empower businesses, especially anchors, to expand existing payment corridors and develop new ones.”

Denelle Dixon Stellar Development Foundation CEO

Dixon is also set to become a member of Wyre's board of directors to represent Stellar Foundation.

With Stellar USDC set to go live in Q1, Wyre will help in different ways. Wyre is set to offer a compliant and safe way for apps within the Stellar ecosystem to use the dollar-pegged stablecoin without the developers' need to create additional tools, the statement elaborated.

Stellar’s Enterprise Fund was launched last year, and Wyre’s investment is the first one for this year. Cumulatively the fund has pumped more than $14 million in different companies and projects so far, including Abra, Settle Network, SatoshiPay, and DSTOQ.

Stellar Foundation’s chief operating officer, Jason Chilpala, explained that the Enterprise Fund was started to offer support to businesses with goals in tandem with Stellar’s, such as enabling cheap and reliable cross-border payments.

Circle Rolls Out Full Production Support for USDC on the Solana Blockchain AnTy January 26, 2021 Gen X Investors Overtake Millennials in Crypto Adoption: Wirex & Stellar Report Lujan Odera January 22, 2021 The post Blockchain Payment Firm, Wyre, Gets A M Investment From Stellar Development Foundation first appeared on BitcoinExchangeGuide.

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foundation payment → Результатов: 92


Stellar Development Foundation invests $5M in blockchain payment app Wyre

Today, the Stellar Development Foundation (SDF) announced a $5 million USD Enterprise Fund investment in Wyre, a blockchain payments company. The investment will introduce a wide variety of payment APIs to fintech applications on the Stellar network, integrating with existing anchors and enabling Stellar USDC on/off ramps in existing fiat pairs (USD, GBP, CAD, AUS, […] CryptoNinjas.

2021-1-26 17:20


Gen X Investors Overtake Millennials in Crypto Adoption: Wirex & Stellar Report

Nearly 75% of consumers view digital assets and stablecoins as an alternative to traditional money transfer services. High fees, slower transaction times, and hectic cross-border transfers are some of the reasons leading consumers to digital asset payment systems, joint research from Wirex and Stellar Development Foundation (SDF) states.

2021-1-22 21:03


Фото:

DIF invests in CrayPay for users to spend DASH at 155K stores

The Dash Investment Foundation (DIF) recently bought into CrayPay, a loyalty payment platform that lets users earn instant savings after spending at various stores. Through investing in CrayPay, DIF created a gateway for the DASH Core Group to develop a white-label version of CrayPay’s instant savings app for DASH users, as detailed in a January […] The post DIF invests in CrayPay for users to spend DASH at 155K stores appeared first on Invezz.

2021-1-15 19:16


Stellar Development Foundation invests $3M in Settle Network

Today, the Stellar Development Foundation (SDF) announced a strategic investment in Settle Network, a digital assets settlement network across LATAM for exchange and cross-border payments. The investment of up to $3 million, paid in lumens, will help bolster Settle’s current suite of payment tools centered around stablecoins: fiat-to-crypto on-ramps for B2C and B2B users, stablecoin […] CryptoNinjas » Stellar Development Foundation invests $3M in Settle Network

2020-12-18 22:50


SatoshiPay secures €550,000 investment from Stellar Development Foundation

SatoshiPay, a crypto payment solution provider, today announced that the Stellar Development Foundation (SDF) has made a strategic investment of $550,000 by way of convertible loan notes. This investment marks the third investment made by SDF through its Enterprise Fund and will support SatoshiPay to continue to develop its B2B solution for commercial, cross-border payments, […] CryptoNinjas: SatoshiPay secures €550,000 investment from Stellar Development Foundation

2020-5-28 11:36


SatoshiPay secures $550,000 investment from Stellar Development Foundation

SatoshiPay, a crypto payment solution provider, today announced that the Stellar Development Foundation (SDF) has made a strategic investment of $550,000 by way of convertible loan notes. This investment marks the third investment made by SDF through its Enterprise Fund and will support SatoshiPay to continue to develop its B2B solution for commercial, cross-border payments, […] CryptoNinjas: SatoshiPay secures $550,000 investment from Stellar Development Foundation

2020-5-29 11:36


Фото:

Cardano Foundation, COTI, Unveil AdaPay for Seamless Cardano (ADA) Payments

AdaPay, a payment solution that will enable merchants to receive Cardano (ADA) altcoin as payments for their products and services has gone live, after its development by Cardano Foundation, the organization focused on accelerating the growth of the Cardano ecosystem, and COTI, an enterprise-grade fintech platform, according to a press release on November 28, 2019.

2019-11-30 20:00


Cardano Foundation partners with COTI to develop ADA payment gateway for 35 fiat currencies

The Cardano Foundation is about to launch an ADA payment gateway thanks to a partnership with COTI, an enterprise-grade fintech platform. According to the company’s blog post, the gateway will allow merchants across the world to accept payments in ADA, as it will enable instant settlement into 35 different fiat currencies.

2019-10-25 22:51


Cardano teams with COTI to provide ADA merchant payment solution

The Cardano Foundation, the overseer of the 3rd generation Cardano blockchain platform and COTI, a DAG-based blockchain protocol, announced today the development of an ADA token payment gateway. The offering – due to launch in November – will allow merchants to accept ADA payments with a near-instant settlement into 35 fiat currencies directly into their […] CryptoNinjas: Cardano teams with COTI to provide ADA merchant payment solution

2019-10-24 19:18


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Crypto Users Are Still Scared to Pay With Bitcoin in 2019 — FIO Protocol Aims to Fix That

Over the last few months, a number of cryptocurrency wallet and exchange providers have joined the Foundation for Interwallet Operability (FIO). The foundation aims to improve digital currency operability because it believes the user experience (UX) for cryptocurrencies is poor and the majority of wallets cannot handle payment requests between wallets.

2019-3-14 01:20


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