Wyrify removes the problems of using digital currency at point-of-sales locations, and in banking services. It reduces transaction times to 1.xx seconds, even with large numbers of simultaneous transactions. It fixates the prices paid for both merchant and customer at the time of sale, locking in settlements instantly, with minimal fees. It is low cost in use. Wyrify also removes the barrier of use for all included crypto currencies, by integrating a wide range of cryptocurrencies on its backend along with fiat payment solutions, through its own exchange, allowing the use of any wallet-held crypto at point-of-sale for instant settlement with merchant (and delayed clearing for the one making the payment).
With demonstrated, tested and “live” technology, Wyrify has signed up major customers in several markets to reach momentum quickly. These come from the casino industry, lending platforms, legal marijuana industry, remittance partnerships and digital currency owners, channelling their customers through Wyrify. With a major user base comes a range of new verticals; loyalty programs, remittance, lending, sports betting that will be explored once we have the time and personnel resources to do so.
To gain further traction and to empower the company, Wyrify is doing an ICO targeting raising $200 million for increased operations, funding of further development and enhancement, fund buffers of exit payments in many markets simultaneously, and other launch costs.
Wyrify is founded through a partnership between the first listed blockchain and cryptocurrency company in the world; NXChain, Inc. (NXCN.QB, New York), ExPay payments specialists, WI Digital Technology company (Thailand), and beacon payment specialists GoAppified (Denmark). Wyrify is listed in Germany on the main list on Frankfurt Börse.