The crypto wallet, Button, has recently announced the addition of a new feature that allows users in the United States to buy cryptocurrencies using fiat currency right within the app. This news came from the firm at the end of last week.
The new feature was made available by integrating Wyre into Button Wallet and allows users to get verified and purchase cryptocurrencies with a debit card within an hours time.
The CEO of Button Wallet, Alex Safonov commented on the feature's launch saying:
“Letting users buy-in with fiat just as quickly and easily will only make crypto even more appealing and accessible for more people. They will be able to trade BTC, BCH, ETH, ETC, LTC, Waves, Dai and ERC-20 tokens without external fees, and will be able to pay friends and clients alike for everything from freelance gigs to split Coachella expenses.”
Developed by Button Blockchain technologies in 2018, Button Wallet is a messenger-based software solution for microtransaction that allows users to send cryptocurrencies using Telegram usernames.
Now, you may have heard of the Wyre exchange which offers crypto-to-fiat and compliance solutions through API and dashboard said the partnership with Button Wallet reflects its commitment “to help lower the barriers to entry for crypto platforms by offering our partners compliant ports into a regulated fiat world.” In a blog post, the firm said:
“The simpler and safer these financial products become, the more people will be able to experience the benefits of cryptocurrencies and blockchain technologies.”
Safonov says the global digital transactions are estimated to top up to $6 trillion by 2022, an opportunity for cryptocurrencies to see a mainstream audience as long as pain points can be resolved.
Safonov has said, “too often, buying cryptocurrency can be confusing for users. Sometimes it can take up to three weeks to be verified for a new user to purchase crypto with fiat within the US.”
“By placing our wallet directly in the popular Telegram app — something we think all finance apps will do in the next two or three years — we believe we can help more people enjoy the benefits of cryptocurrency and decentralization.”