Wyre First SDK Release Set to Enable Best Financial Compliance Practices in Crypto Markets!
The development of blockchain-oriented apps on existing platforms in on the rise following the series of events held within this arena since the beginning of 2018. Wyre, a company specializing in payments using the blockchain platform announced the release of its first SDK version today. This is in an attempt to enable developers build financial compliant infrastructure and designs using the services offered by Wyre.
With this technological advancement in Wyre’s ecosystem, the platform will facilitate instant onboarding of new users while adhering to the best KYC & guidelines set. Furthermore, the services will soon extend to enabling digital asset and fiat currency deposits from all jurisdictions into Wyre’s blockchain network.
The greatest achievement from Wyre’s to be released SDK version is features that enable coin exchanges and decentralized platforms to integrate clients within a matter of hours. This is still a concept idea with many of the crypto exchanges especially the ones located countries with strict regulations on cryptocurrencies.
Wyre’s blockchain is designed to verify financial compliance in order for the network to start minting an ERC-721 compliant token to designated addresses. This process is done on-chain within the Wyre platform which will is set to be more efficient with its SDK release.
With the ongoing developments in creating ‘filter contracts’ by Ox as introduced during its V2 launch; it will be easy to filter liquidity compliant market participants. Therefore, entities like Wyre will have a smooth time if they venture into the money-makers market space within the booming crypto markets.
As it stands, it is Wyre’s plan to provide Over The Counter trading for coin exchanges and decentralized platforms that meets the set standards of financial compliance. Joining the Wyre network is quite simple, one is required get their accounts verified and drop a ‘specific’ code to initiate active user ship.
According to Wyre’s team, the new SDK version will only facilitate a one-time onboarding with no option of leaving a site at its initial stages. Once a participant receives approval and their ERC-721 compliance token is processed to an ETH address, they will be able to fund their wallets using the Wyre network. This includes transactions from and to bank accounts.
The Wyre team plans on adding fundamental value to its design by integrating functions that will support ACH transfers and an API that will scale the platform’s services in the real world.