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Wyre’s Integration With Algorand Goes Live


www.cryptonewsz.com 23 November 2021 14:54, UTC
Reading time: ~2 m

Developers across the globe rejoiced as Wyre’s integration with Algorand went live. The venture recently released the information on its website, inviting developers and brands to build apps on the Algorand network.

Wyre expressed delight in announcing the much-awaited integration with Algorand. The collaboration allows developers on Algorand to access Wyre’s top offerings, such as Swap APIs, Wallet Custody, Global Payouts Fiat On – Off-Ramp Checkout, and Global Payments.

The integration allows developers to offer near-instant payment processing services in apps to end-users. Wyre’s APIs will support the native ALGO coin, while its Swap API will help them swap cryptocurrencies into Algorand’s native token, Algorand USDT, and Algorand USDC.

Wyre’s partnership with Algorand highlights its mission to simplify crypto’s access. It will allow them to interact with apps using local fiat currencies. Moreover, developers can install new fiat-to-crypto payment methods in mere hours, reducing their development time.

Algorand will also list its assets on Wyre’s Checkout product, allowing users to buy them via debit cards. In addition, Wyre’s Checkout API will expose Algorand to new regions and user bases.

The next few days will see Wyre participating in Algorand’s developer working hours. Moreover, they will publish educational content, allowing Algorand developers to integrate with Wyre APIs easily and start developing.

Erich Grant, the Director of Business Development at Wyre, issued a comment about the development. According to Erich, the partnership will help developers build on the Algorand network. Moreover, it will shorten the deployment time, allowing them to add new functionalities. The team looks forward to working closely with the network to offer developers additional resources to broaden and build the Algorand ecosystem.


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