Wyre, the blockchain payments company, today announced the first version of the Wyre SDK, a fast way for developers to build compliant financial applications encompassing Wyre services.
With the Wyre SDK, crypto applications are now able to compliantly onboard clients and will soon be able to take in customer fiat deposits directly into their platforms from all geographies where Wyre operates.
For this SDK version, the biggest use case allows decentralized exchanges to instantly onboard and verify their customers.
Once verified, Wyre will mint a non-fungible token (ERC-721 compliant) to the designated wallet address as part of its ongoing on-chain compliance initiative.
As an added benefit, with 0x’s V2 launch and with their creation of “filter contracts” for permissioned liquidity pools, all relayers are now able to easily filter compliant liquidity to many market makers who are required to trade with authorized counterparts. Wyre said its OTC trading team will soon be launching a market-making service to all permissioned liquidity within most decentralized exchanges.
To get started, all that is needed to do is a). get a verified account on Wyre and b). drop in a simple few lines of code
The Wyre team said:
“As mentioned, and for this first version of the module, users will be able to onboard without ever leaving your site. After they’ve been approved and we’ve issued the on-chain compliance token to their Ethereum address, they will have the ability to visit our Dashboard to fund their account, add additional bank accounts, and payout to fiat bank accounts or other wallet addresses. As we continue to iterate on the module, we’ll be adding the ability to fund a user’s wallet via ACH transfer, payout into a fiat bank account, link additional bank accounts, and perform all functions which are readily available within our API.”