Wyre, a blockchain payments provider, and Celer Network, a leading blockchain layer-2 scaling platform, today announced an official strategic partnership, which enables users to purchase and use crypto directly on Celer’s layer-2 mobile application CelerX.
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.
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.
“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,. 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!”
– Michael Dunworth, Wyre CEO
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.
“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.”
– Mo Dong, Celer Network co-founder