Latin American residents will be able to easily convert fiat in and out of cryptocurrency

Wyre announces a partnership with Stellar to provide secure cryptocurrency transactions.

27.01.2022 - 10:45

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What’s new? Wyre, a provider of infrastructure for online payments, has partnered with cryptocurrency exchange Stellar. This collaboration will allow residents of Latin America to quickly transfer fiat money in and out of cryptocurrency, the BeInCrypto portal reports.

BeInCrypto’s material

How will this partnership help the crypto sphere? Wyre claims that the integration with Stellar will allow democratizing finance in one of the largest emerging cryptocurrency markets. Access to digital capital will become wider through a more secure system. Ioannis Giannaros, the CEO of Wyre, stated:

“As billions of people are added into a brave new world, Wyre needs to move fast on making the transition as seamless as possible. This integration gives our partners easy access to some of the largest countries within Latin America and provides millions of people access to the crypto economy. This first integration will create local fiat on and off-ramps and enable individuals and businesses to move local currency seamlessly in and out of cryptocurrency.”

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