Episode 449

Wyre – Using Blockchain for Cross-Border Payments

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Wyre is a leading fiat-to-cryptocurrency and payment infrastructure company for the cryptocurrency ecosystem. In blockchain time, Wyre has been around forever — it was founded in 2013. Wyre leverages blockchain to facilitate cross-border payments, bridging the gap between traditional payment processing and digital assets. Focusing on developers, the company provides easy-to-integrate APIs which enable thousands of developers to bring cryptocurrency to the masses. The company has “on-ramped” over 15 million end users to their partners and has processed over $10B in payments since inception.

We were joined by Co-founder and CEO Yanni Giannaros, and Director of Crypto Strategy Jamal Raees, to chat about payments applications in general and in web3, how Wyre works on a technical and business level including regulatory constraints, their recent acquisition by Bolt, and the roadmap for the platform.

Topics discussed in the episode

  • The history of Wyre and the changes they have seen in the space over the past 10 years
  • Yanni and Jamal’s backgrounds and how they met
  • A technical overview of Wyre
  • The challenges of running an onramp
  • Bolt’s recent acquisition of Wyre
  • Payments applications in web 3 – what works and what doesn’t
  • The Wyre business model and fees
  • The jurisdictional restrictions for using Wyre and Yanni and Jamal’s thoughts on the current regulatory environment
  • The future of crypto interfaces
  • The Wyre roadmap

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