Wyre and Polygon integration enables users worldwide to access USDC token

on Jul 22, 2021
  • Integration brings conversion process down to 30 seconds
  • Protocol enables building and linking different blockchain networks compatible with Ethereum
  • Polygon's scaling solutions boast more than 13.5 million unique users and over 450 Dapps

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

Developers across the globe can provide their clients with the USDC (USDC/USD) token via Wyre’s Checkout API and the Polygon (MATIC/USD) ecosystem, Invezz learned from a press release. This integration brings the conversion process to less than a minute. It also offers the sole fiat to USDC on-ramps for clients in 43 US states and countries all over the world. The token is available with Wyre’s Check and Card Processing API as well. Polygon’s protocol makes it possible to build and link different blockchain networks that are compatible with Ethereum (ETH/USD), forging an ETH ecosystem in multiple chains.

Working to increase DeFi accessibility for almost a decade  

Wyre has been improving the infrastructure needed to enhance accessibility within the DeFi ecosystem since 2013. Their network connects millions of customers worldwide, contributing to further DeFi growth and attracting more clients with every partnership. The pioneer in fiat-to-crypto and payment infrastructure’s intuitive APIs make it possible for developers to bring cryptocurrencies into the mainstream. Their flagship product and the fastest fiat-to-crypto gateway in the world, “Checkout”, has alleviated access to hundreds of crypto apps.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

Upon announcing the integration, Wyre CEO Ioannis Giannaros commented:

“Our Checkout API enables developers to quickly and easily provide fiat to USDC onramp for their users, making the Polygon network more accessible than ever before. We are really looking forward to working together with the Polygon team, as well as their developer ecosystem, to enhance their customer experience for everyone interacting with this ambitious protocol.”

Polygon cofounder Sandeep Nailwal added:

“Wyre is putting everything into building a secure fiat-to-crypto onramp for the world to use. As the latest project to join Wyre’s mission, we’re doing what we can to bring millions of potential users into the crypto space.”

Polygon: the first user-friendly ETH scaling platform

Polygon is the first optimally structured platform of its kind for developing and scaling Ethereum and its infrastructure. At its heart is a flexible, modular framework that supports developing and linking Validium, zkRollups, Plasma, and other Secured Chains as well as independent, flexible chains like Polygon POS. Their scaling solutions boast more than 13.5 million unique users and over 450 Dapps.