back Back

BitPay bolsters wallet app features with Wyre integration

By Pavithra R

September 17, 2020

  • Bitpay
  • USA
  • Wyre
Share

Blockchain payment technology provider BitPay has announced a new feature enabling users to buy cryptocurrency from within the BitPay Wallet App using Wyre

Wyre is leveraging blockchain technology to build the fastest and most cost-effective way to transfer money internationally. It is a regulated payment institution that connects fiat rails to blockchain ecosystems. The Wyre integration enables customers to now buy Bitcoin and ETH using a debit card or Apply Pay through the BitPay Wallet App with one-click without the requirement of a Wyre account. BitPay is planning to include increased options to purchase other cryptos like XRP and stablecoins and purchasing channels such as Samsung and Google Pay in the coming months.

“Crypto has revolutionized the way we deal with payments domestically and internationally by allowing the swift mobility of funds in an otherwise slow and outdated legacy system. In the midst of a global pandemic, it’s more important than ever to streamline global payouts to reach our partners in hard-hit communities as quickly as possible,” said Liana Spano, Chief of Staff at Wyre.

The company in January added crypto purchases with credit cards to the BitPay app through a partnership with Simplex. The BitPay app now offers:

  • a secure, non-custodial wallet. Its Multi-factor security leverages private key encryption, PINs, and biometric authentication for enhanced security,
  • crypto purchases with credit cards, debit cards, Apple Pay, and soon Google Pay and Samsung Pay,
  • the ability to spend Bitcoin, Bitcoin Cash, Ethereum and dollar-pegged stablecoins directly with hundreds of BitPay merchants,
  • instant loads to the BitPay prepaid Mastercard to spend crypto anywhere Mastercard is accepted.

“Working with Wyre helps us to offer solutions to the market making the blockchain payments more accessible not just to power crypto users but those who are looking to crypto for the first time. The BitPay Wallet App enables users to take control of crypto through everyday spending, safer storage and managing funds across platforms,” said Stephen Pair, co-founder and CEO of BitPay.

Recently, BitPay entered into a mutually beneficial partnership with Coinbase.

Founded in 2011, BitPay builds powerful, enterprise-grade tools for crypto acceptance and spending. The FinTech is developing blockchain payment technology to transform how businesses and people send, receive, and store money around the world.

Previous Article

September 17, 2020

Hong Kong-based ZA Bank partners with Accuity to meet regulations

Read More
Next Article

September 17, 2020

Flywire partners with Mastercard to simplify cross-border tuition payments

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

Bitpay

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

American Express & Emburse bring integrated expense management solutions to SMEs

Read More

Today

SurePay teams up with FIS to deliver Verification & CoP solutions

Read More

Today

SumUp offers Direct Debits for merchants in the UK

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023