Americas, October 2019. Thanks to the new partnership between Bitex and Wyre both companies will leverage their on/off ramp globally and allow more customers to pay and collect in more countries using blockchain technology.
Wyre is a US-Licensed Money Services Business, the leader in providing regulated crypto infrastructure, bridging the gap between traditional payments and digital assets. It has a portfolio of services offered to individuals, business and enterprise clients.
Bitex is a blockchain financial services provider, responsible for providing solutions to both individuals and institutions for the supply of bitcoin for investment or hoarding as well as the assembly of international fund logistics solutions that allow customers to make or receive multiple and simultaneous payments in local currency in more than 50 countries.
The goal of this partnership between Wyre and Bitex is to unify and provide liquidity in the different countries in which both have a presence, in order to allow their customers to issue international payments in local currency with lower costs and shorter times by using the disruptive blockchain technology.
Right now Wyre has a presence in the US, Mexico, Brazil, Hong Kong, China, Europe, UK, and Australia. By partnering with Bitex, users from Argentina, Chile, Paraguay, and Uruguay will be also able to reach each other's market and send or receive international payments.
“We are happy and thrilled to formalize this partnership. We have been working with Wyre for the last year with excellent results and we were looking to take this relationship to the next level. We hope we will bring much more value to our customers as well as Wyre’s partner network.” Manuel Beaudroit, CMO & co-founder of Bitex.
"Cross border payments using crypto as a rail is a well-demonstrated use case of blockchain technology. From remittance networks in ASEAN and LATAM, to general international B2B payments, fiat FX derived from crypto liquidity has challenged the SWIFT and Transferwise model. Wyre is excited to partner with Bitex to push forward this new model for FX payments" Jack Jia Director of Partnerships at Wyre.
About Bitex: Bitex is a Fintech startup founded in 2014 specialized in providing financial services infrastructure over the Bitcoin blockchain, the most powerful decentralized value transmission protocol in the world. It let their users buy & sell bitcoin and perform cross-border payments taking advantage of the bitcoin technology.
About Wyre: Wyre is the leading infrastructure provider in crypto. After trading over $3.5 billion in cryptocurrency assets and completing over $1 billion in commercial FX payments using crypto as a rail, Wyre has an established network of relationships with leading banks, exchanges, and decentralized platforms. Using Wyre’s API, customers are able to instantly convert fiat to crypto globally in over 50 countries, in 8 different fiat currencies, and 3 cryptocurrencies.
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