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Fiat-to Crypto Payment Firm Wyre Announces All-in-One NFT Marketplace Services

Fiat-to-Crypto Payment Firm Wyre Reveals All-in-One NFT Marketplace Service

On Tuesday, the San Francisco-based fiat-to-crypto and payment infrastructure company, Wyre, announced the launch of a non-fungible token (NFT) market tool that gives developers the ability to create NFT marketplaces in less than 24 hours.

Wyre Claims Devs Can Build an NFT Marketplace in 24 Hours

Non-fungible token (NFT) assets have been a hot topic all year long and the trend has continued strong toward the end of 2021. Coinbase, FTX and Crypto.com have all launched NFT markets this year. Makers also have leveraged markets such as Makersplace and Mintable, Rarible, as well the top NFT marketplace Opensea.

On November 2, Wyre announced the launch of an all-in-one NFT market solution that provides developers with the tools needed to build an NFT market in less than a day. Wyre, a San Francisco-based payment platform, was co-founded in 2009 by Ioannis Giannaros and Michael Dunworth. Businesses like Draper Associates and Digital Currency Group, Amphora Capital as well as 9fbank, 9fbank, Baofoo.com and Baofoo.com have backed the firm.

Wyre’s new NFT product utilizes the firm’s current API solutions which are leveraged by Flow, Avalanche, Stellar, Nifty’s and Rarible. Wyre’s announcement states that Wyre offers a range of solutions, including an NFT checkout widget which allows end-users make purchases using some of the most popular payment methods in the world. It also provides powerful rest API’s that manage custody and minting. Wyre intends to position themselves as the go-to-shop for developers and companies looking to enter the rapidly expanding collectibles market .”

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Ioannis Giannaros (CEO of

Wyre) explained that the company has worked with many brands in this space and said the company is committed to seeing the NFT industry flourish. Giannaros stated in a Tuesday statement that “our NFT solution changes all that is needed for developers and brands to create an NFT Marketplace.”

According to Wyre’s most recent NFT product announcements, Wyre’s NFT service charges will “mirror Wyre” its traditional fee structure. Wyre also notes that the solution will work with major blockchain networks and traditional payment systems such as Apple Pay, Google Pay and MasterCard. The NFT marketplace tool supports all fiat currencies Wyre currently supports.

What do you think about the NFT marketplace tool Wyre has introduced? Please comment below to let us know your thoughts on this topic.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Wyre,

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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