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Since 2013, Wyre has managed $3.5 billion in cryptocurrency assets and has completed over $1 billion in commercial FX international payments. With Wyre’s API, customers are able to instantly convert fiat to crypto globally. However, they still need to purchase extra ETH and pay additional fees (such as gas fee) for on-chain transactions. Moreover, users or developers who send small but frequent transactions must face high transaction fees along with long latency, which significantly holds back the user growth.
Celer Network’s advanced layer-2 scaling technology enables interactive, secure, and low-cost blockchain applications that match the frictionless user experience of centralized apps. CelerX, a mobile application built with Celer layer-2 scaling API and SDK, provides zero-gas-fee instant payments and fun real-time interactive skill-based games to users from 89 different countries.
The integration between Celer and Wyre will allow CelerX’s users to directly purchase cryptocurrencies to their layer-2 wallet addresses on Celer Network instead of to layer-1 blockchain addresses. Therefore, users will be able to immediately use purchased ERC-20 tokens, such as DAI stable tokens, to play fun games and send payments.
“Lining all the pieces up, it's hard to argue that gaming will not be one of the next channels to attract large audiences into cryptocurrencies,” said Michael Dunworth, Wyre CEO. “Celer has tunnel vision when it comes to adding value through technology, to an audience that is technology savvy, global, and heavily community driven. Supporting DAI directly into CelerX gives dApps all the opportunity to execute on their core competencies & avoid busy work reaching their TAM (total addressable market). eSports as a market is an exciting space, and as a gamer, I'm incredibly excited that we get to support moving the needle for it!"
Mo Dong, Celer Network co-founder adds, “CelerX provides users with highly engaging skill-based eSport blockchain games. However, the ‘last-mile’ of crypto adoption is always fiat on/off ramps. To allow vast amounts of users to onboard blockchain applications, an easy and secure fiat bridge is essential for the entire ecosystem. We believe Wyre is exactly what we need. We applaud the Wyre team to go the extra mile to facilitate direct onboarding to layer-2 to enable new users to immediately enjoy fun games with crypto.”
About Celer Network:
Celer Network is a leading layer-2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contracts. It allows anyone to quickly build, operate, and use highly-scalable decentralized applications through innovations in off-chain scaling techniques and incentive-aligned cryptoeconomics.
celer.network
About Wyre:
Wyre is the leading infrastructure provider in crypto. After trading over $3.5 billion in cryptocurrency assets and completing over $1 billion in commercial FX payments using crypto as a rail, they have an established network of relationships with leading banks, exchanges, and decentralized partners. Using Wyre’s API, customers are able to instantly convert fiat to crypto globally in over 50 countries, in 8 different fiat currencies, and 3 cryptocurrencies.
Celer Network’s advanced layer-2 scaling technology enables interactive, secure, and low-cost blockchain applications that match the frictionless user experience of centralized apps. CelerX, a mobile application built with Celer layer-2 scaling API and SDK, provides zero-gas-fee instant payments and fun real-time interactive skill-based games to users from 89 different countries.
The integration between Celer and Wyre will allow CelerX’s users to directly purchase cryptocurrencies to their layer-2 wallet addresses on Celer Network instead of to layer-1 blockchain addresses. Therefore, users will be able to immediately use purchased ERC-20 tokens, such as DAI stable tokens, to play fun games and send payments.
“Lining all the pieces up, it's hard to argue that gaming will not be one of the next channels to attract large audiences into cryptocurrencies,” said Michael Dunworth, Wyre CEO. “Celer has tunnel vision when it comes to adding value through technology, to an audience that is technology savvy, global, and heavily community driven. Supporting DAI directly into CelerX gives dApps all the opportunity to execute on their core competencies & avoid busy work reaching their TAM (total addressable market). eSports as a market is an exciting space, and as a gamer, I'm incredibly excited that we get to support moving the needle for it!"
Mo Dong, Celer Network co-founder adds, “CelerX provides users with highly engaging skill-based eSport blockchain games. However, the ‘last-mile’ of crypto adoption is always fiat on/off ramps. To allow vast amounts of users to onboard blockchain applications, an easy and secure fiat bridge is essential for the entire ecosystem. We believe Wyre is exactly what we need. We applaud the Wyre team to go the extra mile to facilitate direct onboarding to layer-2 to enable new users to immediately enjoy fun games with crypto.”
About Celer Network:
Celer Network is a leading layer-2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contracts. It allows anyone to quickly build, operate, and use highly-scalable decentralized applications through innovations in off-chain scaling techniques and incentive-aligned cryptoeconomics.
celer.network
About Wyre:
Wyre is the leading infrastructure provider in crypto. After trading over $3.5 billion in cryptocurrency assets and completing over $1 billion in commercial FX payments using crypto as a rail, they have an established network of relationships with leading banks, exchanges, and decentralized partners. Using Wyre’s API, customers are able to instantly convert fiat to crypto globally in over 50 countries, in 8 different fiat currencies, and 3 cryptocurrencies.
Finyear & Chaineum
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Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en finance digitale, corporate finance & crypto finance.
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Chaineum :
Fondée en 2015, Chaineum est un cabinet de conseil en opérations de haut de bilan offrant une expertise de premier plan en matière d’ICO et STO, avec une vision stratégique orientée tant vers le métier de ses clients que sur la technologie blockchain. A ce titre, Chaineum a participé à la mise en œuvre de bonnes pratiques dans le secteur (ICO Charter, Security Token Network).
La division services blockchain de Chaineum, développe la technologie Chaineum Segment, une blockchain privée orientée objets.
About Chaineum:
Founded in 2015, Chaineum is a leading corporate finance advisory firm with a strong expertise in ICO and STO, and a strategic focus on both its clients' business and blockchain technology. As such, Chaineum paved the way in the implementation of certain best practices in this sector (ICO Charter, Security Token Network).
Chaineum's blockchain services division, is developing Chaineum Segment technology, an object-oriented private blockchain.
-------------------------
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en finance digitale, corporate finance & crypto finance.
Read for free The daily newspaper Finyear & its daily newsletter.
Receive the Finyear's newsletter every morning by email, a daily snapshot of the best news and expertise in digital finance, corporate finance & crypto finance.
------------------------
Chaineum :
Fondée en 2015, Chaineum est un cabinet de conseil en opérations de haut de bilan offrant une expertise de premier plan en matière d’ICO et STO, avec une vision stratégique orientée tant vers le métier de ses clients que sur la technologie blockchain. A ce titre, Chaineum a participé à la mise en œuvre de bonnes pratiques dans le secteur (ICO Charter, Security Token Network).
La division services blockchain de Chaineum, développe la technologie Chaineum Segment, une blockchain privée orientée objets.
About Chaineum:
Founded in 2015, Chaineum is a leading corporate finance advisory firm with a strong expertise in ICO and STO, and a strategic focus on both its clients' business and blockchain technology. As such, Chaineum paved the way in the implementation of certain best practices in this sector (ICO Charter, Security Token Network).
Chaineum's blockchain services division, is developing Chaineum Segment technology, an object-oriented private blockchain.
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No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security.
Nothing on this website shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction.
Nothing contained on the website constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed on this website should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this website, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor.
This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors.
Any views expressed on this website by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change.
All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.
