What is Wyre

Wyre is a regulated Money Service Business (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.

Wyre provides what the company calls a secure and compliant bridge between fiat and cryptocurrencies.

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