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Wyre to Bring Fiat On-Ramp to Ethereum DeFi with Debit Cards

Sometimes referred to as the “Stripe” of cryptocurrency industry, crypto payments firm Wyre has honed in on helping mainstream users interact with digital assets in seconds. Now, the next frontier for the firm is the rising decentralized finance ecosystem built atop Ethereum.

Back in October, the San Francisco-based Wyre noted its coming upgraded “V2” platform would enable so-called meta transactions, which would give the firm’s users the ability to “effectively turn their Apple Pay or Google Pay wallets into secure Ethereum wallets to fund [DeFi] transactions,” the company explained at the time.

On December 3rd, Wyre confirmed it would launch such meta transactions in 2020, meaning the Ethereum community was on the verge of receiving its first direct fiat on-ramp to DeFi…

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