• About Us
  • Privacy Policy
  • Contact Us
CryptoInfonet
  • News
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Regulation
No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Regulation
No Result
View All Result
CryptoInfonet
No Result
View All Result
Home Blockchain

Stellar Development Foundation Invests $5M in Crypto Payments Firm Wyre

January 29, 2021
in Blockchain
0
Stellar Development Foundation Invests $5M in Crypto Payments Firm Wyre
Discover This New Unique Trading Pattern This Powerful Tool Spots Over And Over Again With Precision Accuracy. You Could Double Or Triple Your Account This Year With These Signals!
Click here
to sign up

The Stellar Development Foundation has invested in blockchain payments company Wyre to boost support for financial applications in the Stellar ecosystem.

The Foundation said the $5 million Enterprise Fund investment in Wyre will introduce a variety of payment application programming interfaces (APIs) that can be used by apps on the Stellar network.

On/off ramps for the stablecoin UDC will also be introduced for existing fiat currency pairs including U.S. dollars, U.K. pounds sterling, the euro, the Canadian dollar and the Australian dollar.

Wyre was founded in 2013 and offers a number of services including fiat-to-crypto onramps, wallet infrastructure, compliance, forex and savings accounts.

“Adding Wyre to the Stellar ecosystem, will create key payment infrastructure and enable relationships connecting international financial systems,” the foundation said.

With USDC set go live on the Stellar network in the first quarter, the Wyre integration will provide a “compliant and reliable” way for Stellar-based apps to utilize the dollar-linked stablecoin without the need for developers to build additional tools, per the announcement.

The Foundation said this is the first investment made from its Enterprise Fund this year. The fund has invested over $14 million since its launch in fiscal year 2020.

“The Enterprise Fund was created to support mission-driven businesses that mirror the goals of Stellar – like enabling cross-border payments and global access to financial services – while providing practical value to the Stellar ecosystem,” said Jason Chlipala, chief operating officer of the Stellar Development Foundation.

The fund is expected to make several more investments this year, he added.

Forex Trading can be risky, to cut the risk. Sign up to FX Delta for consistent results. The Best Forex trading signals for an average of 8% gains. Click here to sign up.

Source link

Tags: cryptodevelopmentFirmFoundationInvestsPaymentsStellarstellar development foundationWyre
Share76Tweet47

Related Posts

Libra Co-Creator's VC Firm Co-Leads $12M Round in ‘Decentralized GitHub’

Libra Co-Creator’s VC Firm Co-Leads $12M Round in ‘Decentralized GitHub’

by CryptoInfoNet
February 18, 2021
0

In retrospect, it was inevitable: A team of blockchain developers has forked GitHub and come up with a system...

How Crypto Transforms Prediction Markets

How Crypto Transforms Prediction Markets

by CryptoInfoNet
February 18, 2021
0

Prediction markets are speculative platforms where traders can place bets on the outcome of future events, such as “Will...

Robinhood to Allow Deposits, Withdrawals for Cryptos Including Dogecoin

Robinhood to Allow Deposits, Withdrawals for Cryptos Including Dogecoin

by CryptoInfoNet
February 18, 2021
0

Online brokerage app Robinhood says it plans to enable withdrawals and deposits of cryptocurrencies including dogecoin.In a tweet Wednesday,...

Cosmos Upgrades to Stargate: Another 2017 ICO Very Nearly Completes Its Vision

Cosmos Upgrades to Stargate: Another 2017 ICO Very Nearly Completes Its Vision

by CryptoInfoNet
February 17, 2021
0

At 6:00 UTC Thursday, the Stargate upgrade of Cosmos will go live. The Cosmos community recommends that interested observers...

Bitcoin Taproot Upgrade Expected to Begin Activation in July

Bitcoin Taproot Upgrade Expected to Begin Activation in July

by CryptoInfoNet
February 17, 2021
0

A release date and activation timeline are set for Bitcoin’s Taproot upgrade, but developers and other stakeholders are still...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

We have all the latest updated and legitimate information related to Blockchain, Cryptocurrency, latest market rates & trends, prices, new regulations along with every other thing that somehow related to crypto or digital currency market. Our main idea is to provide the kind of news that is original and at the same time, it can prove to be beneficial for our audience.

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Regulation

Archives

  • March 2021
  • February 2021
  • January 2021
  • About Us
  • Privacy Policy
  • Contact Us

© 2021 cryptoinfonet.com

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Regulation

© 2020 cryptoinfonet.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version