# What is Wyre

<mark style="color:purple;">**Wyre is a**</mark> <mark style="color:purple;">**regulated Money Service Business**</mark> (MSB), which means it is a financial services provider licensed to transmit and convert money. The company is almost a decade old, having been around since 2013.&#x20;

Wyre provides what the company calls a <mark style="color:purple;">**secure and compliant bridge between fiat and cryptocurrencies**</mark><mark style="color:purple;">.</mark>&#x20;

It serves as an infrastructure provider for blockchain businesses to connect with the fiat economy. In other words, <mark style="color:purple;">**Wyre payments enable blockchain businesses to efficiently integrate highly customizable fiat on-ramps into their onboarding flows**</mark><mark style="color:purple;">.</mark> The cost of the integration is also pretty marginal compared to most of its competitors, the company claims.
