Wyre Partners With Polygon to Offer USDC to Customers

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Wyre Partners With Polygon to Offer USDC to Customers

Wyre has partnered with Ethereum scaling protocol Polygon to provide a fiat-to-USDC on-ramp to customers across the world.

Wyre, a blockchain payments provider, announced today that developers around the world are now able to provide USDC stablecoin to customers in the Polygon ecosystem. The feature was made possible through a partnership with Polygon.

Wyre Integrates With Polygon

Wyre said in a press release shared with CryptoPotato that the integration of its Checkout API with Polygon will allow developers to quickly and easily provide a fiat-to-USDC on-ramp for their users. Meanwhile, the stablecoin is also available with the company’s Check and Card Processing API.

According to the payments processor, the feature provides one of the only fiat-to-USDC on-ramps for clients around the globe and in 43 US states with the conversion process taking less than 30 seconds.

Wyre made its entrance into the crypto space in 2013 and its network has reached millions of customers around the world. The company has been gearing its efforts towards expanding the decentralized finance (DeFi) market by partnering with related projects while also streamlining the fiat-to-crypto infrastructure required to make the industry accessible to more customers.

The firm provides APIs for developers, allowing them to bring cryptocurrencies to mainstream users.

Making Polygon More Accessible

Speaking on the partnership, Wyre CEO Ioannis Giannaros said:

“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.”

With over 15 million end-users from different countries and more than $10 billion processed in payments, Wyre’s partnership with Polygon will make the blockchain network more accessible than ever before, Giannaros said.

Polygon’s co-founder Sandeep Nailwal also commented on the development, saying: “Wyre is putting everything into building a secure fiat-to-crypto on-ramp 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 provides tools for building and connecting various Ethereum-compatible chains in aims of creating a multi-chain Ethereum ecosystem.

The project has been in the spotlight lately, establishing different partnerships to bolster its position in the blockchain industry. Earlier this week, Polygon announced the launch of its new division that focuses on growing the global decentralized and NFT markets while also bridging the gap between web 2 and web 3 gaming.