Wyre

Overview

Wyre is a financial technology company that provides comprehensive API infrastructure for converting between fiat currencies and cryptocurrencies. Wyre's platform enables businesses to offer seamless fiat-to-crypto on-ramp and off-ramp solutions, allowing users to buy and sell digital assets directly within applications. With support for Avalanche and multiple payment methods, Wyre handles the complex aspects of payment processing, compliance, and liquidity management.

Wyre's infrastructure is designed for developers who need a reliable, compliant, and feature-rich payment gateway that supports the full lifecycle of crypto transactions, from KYC verification to settlement.

Features

• Wyre Checkout Widget: Turnkey fiat-to-crypto on-ramp that enables selling crypto with just a few lines of integration code.
• Card Processing: Accept debit and credit cards for cryptocurrency purchases with built-in fraud prevention.
• Global Payment Methods: Support for bank transfers (ACH, wire), credit/debit cards, Apple Pay, and region-specific payment options.
• On-Ramp and Off-Ramp: Complete buy and sell functionality to create a full-circle user experience.
• Custodial Wallets: API-based wallet solution for holding crypto and fiat assets on behalf of users.
• KYC/AML Compliance Engine: Built-in compliance as a service with user management system that meets regulatory requirements.
• Transfers and Swaps: Move and convert assets across different blockchains and currencies.
• White-Label Solutions: Customizable integration that can be branded to match your application.
• Webhooks: Real-time notifications for transaction status updates and user events.
• Test Environment: Sandbox environment for development and testing without real transactions or fees.
• Multi-Currency Support: Handle multiple fiat currencies and cryptocurrencies in a single integration.

Getting Started

To integrate Wyre into your application:

1. Create a Test Account: Register at dash.testwyre.com to get started with testing.

2. Generate API Keys: Obtain your test API keys from the dashboard to begin integration.

3. Choose Integration Method: Wyre offers multiple integration options:

   • Wyre Checkout Widget: Hosted solution for quick integration
   • Hosted URL: Direct users to a Wyre-hosted payment page
   • White-Label API: Build a fully custom interface using Wyre's APIs
   • Wallet API: Create and manage custodial wallets programmatically

4. Implement Authentication: Wyre uses signature-based authentication to secure API requests. Review the authentication documentation to properly sign your API calls.

5. Test Your Integration: Use the test environment to verify your integration with test cards and bank accounts before going live.

6. Request Production Access: After testing is complete, register a production account and complete the verification process to begin processing real transactions.

Avalanche Support

Wyre supports AVAX and other assets on the Avalanche C-Chain, enabling users to purchase Avalanche-based cryptocurrencies directly with fiat currencies. This allows developers building on Avalanche to provide seamless fiat on-ramp and off-ramp capabilities within their applications.

Documentation

For comprehensive integration guides, API references, and authentication examples, visit:

• Wyre Documentation
• Quick Start Guide
• API Reference
• Wyre Checkout Widget Guide

Use Cases on Avalanche

Wyre can enhance various Avalanche applications:

Cryptocurrency Wallets: Enable users to purchase AVAX and other Avalanche tokens directly within wallet applications.

DeFi Platforms: Provide a seamless fiat entry point for users to acquire tokens needed for Avalanche DeFi protocols.

NFT Marketplaces: Allow direct purchase of NFTs on Avalanche with fiat payment methods, abstracting away the crypto acquisition step.

GameFi Applications: Let gamers purchase in-game assets or tokens on Avalanche without needing prior cryptocurrency knowledge.

Decentralized Applications: Reduce friction in your Avalanche dApp's user experience by integrating a native fiat entry and exit point.

Enterprise Solutions: Offer compliant on/off-ramp solutions for corporate applications built on Avalanche.

Pricing

Wyre operates on a transaction fee model with pricing that varies based on payment method, region, and transaction volume. The fee structure typically includes:

• Transaction Fees: Percentage-based fees on each transaction
• Payment Method Fees: Different rates for cards, bank transfers, and other payment methods
• Volume Discounts: Available for high-volume partners
• Custom Enterprise Solutions: Tailored pricing for large-scale integrations

For specific pricing details and enterprise arrangements, contact Wyre's sales team.

Compliance and Security

Wyre maintains robust compliance and security measures:

• Regulatory Compliance: Licensed as a money transmitter and complies with state and federal regulations
• KYC/AML Processes: Built-in identity verification and anti-money laundering screening
• Fraud Prevention: Advanced risk management systems to prevent fraudulent transactions
• Data Security: Enterprise-grade security infrastructure to protect user data and funds
• Regular Audits: Ongoing compliance audits and security assessments

Conclusion

Wyre provides a comprehensive fiat payment infrastructure that enables developers to build seamless on-ramp and off-ramp experiences for Avalanche applications. By handling the complex aspects of payment processing, regulatory compliance, and liquidity, Wyre allows developers to focus on building their core products while providing users with easy access to the Avalanche ecosystem. With flexible integration options, extensive payment method support, and robust compliance features, Wyre is an ideal solution for any project looking to reduce friction in user onboarding and provide complete fiat-to-crypto functionality on Avalanche.