BRD Partners with Wyre to Bring Industry-Low Bank Transfer Fees for Crypto
BRD, a secure cryptocurrency mobile wallet used by roughly two million users in 170 countries, announced its new partnership with Wyre, a leading payments provider for the blockchain industry. This partnership will allow BRD’s US customers to directly link their bank accounts and securely exchange their fiat for crypto. With a bank transfer, users will also enjoy the lowest fees when purchasing crypto. This new capability is supported by over 1,700 US banks.
BRD’s partnership with Wyre is notable because it will help BRD move towards fulfilling its long-term goal of becoming the leading mobile financial services hub for crypto assets.
“With over $6B USD worth in crypto assets under protection with the BRD brand, we’ve proven to be the most trusted service in the industry,” said Adam Traidman, CEO and Co-founder of BRD. “We remain singularly focused on integrating the best payment partners with the lowest fees, such as Wyre.”
“BRD is one of the top teams in the space. They prioritize user security and privacy while still adding meaningful value,” said Michael Dunworth, CEO, and Co-founder of Wyre. “Both BRD and Wyre have a huge amount of experience, and I couldn’t be more excited for what we’ll deliver to the community over time.”
The news of lower fiat-crypto purchasing fees is music to the ears of many in the cryptocurrency community faced with having to pay traditionally high credit card fees.
“We’ve consistently heard from US customers about the frustrations regarding the lack of innovation and simplification from current market leaders, namely Coinbase,” said Aaron Lasher, Chief Strategy Officer and Co-founder of BRD. “While more well-funded players have become more custodial and centralized, BRD has remained unwavering in its mission to bring the core value of the blockchain to the masses: Decentralized and Inclusive.”
BRD’s increased growth follows a successful $15 Series B raise in 2018. According to the press release, BRD has achieved one of the fastest starts in company history in 2019:
- DOUBLED the number of transactions in the first 4 months of 2019
- DOUBLED the number of customers exchanging crypto assets in the first 4 months of 2019
- TRIPLED the number of existing, free users converting to premium exchange customers
BRD provides consumers and retail investors with the simplest way to get started with bitcoin and cryptocurrencies. Customers have flexibility in making purchases using credit cards, checking accounts, cash, or other cryptocurrencies. BRD also employs industry-leading security and privacy model that is both truly decentralized and leverages the latest security technologies available on mobile platforms.
With an estimated over $6B USD worth of crypto assets under protection, BRD ranks as one of the most trusted bitcoin and cryptocurrency mobile wallets available. The press release hails their industry-leading global support team for its average response time of under 90 minutes, allowing for any customer questions to be answered quickly.
The BRD app is available for download from the App Store or Google Play. For more information, please visit BRD at www.BRD.com.
BRD is a global company that’s bringing blockchain-enabled financial services to the mobile generation. BRD provides consumers with a simple and secure way to buy and protect their digital assets. BRD launched in 2015 and headquartered in Zurich, Switzerland. BRD is a venture-backed company which has raised $55M USD from investors focused on banking, FinTech, and blockchain.
BRD’s crypto apps are available for both iOS and Android in over 171 countries. With over 2M customers worldwide, BRD has accumulated an estimated $6B USD of crypto assets under protection and is one of the fastest growing blockchain-enabled finance apps for everyday consumers (a Top 10 Finance app in 71 countries).
Wyre is a leading infrastructure provider in crypto. After trading over $3.5 billion in cryptocurrency assets and completing over $1 billion in commercial FX payments using crypto as a rail, Wyre has an established network of relationships with leading banks, exchanges, and decentralized partners. Customers are able to instantly convert fiat to crypto globally in over 50 countries, in 8 different fiat currencies, and 3 cryptocurrencies using Wyre’s API.
Wyre focuses on compliance, regulatory licensing, liquidity, and payment processing, to help their partners create tools on the blockchain.
The above press release is a sponsored post that follows our Editorial Guidelines.
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ABOUT THE AUTHOR
Alex Moskov is the Founder and Editor-in-Chief of CoinCentral. Alex leans on his formal educational background (BSBA with a Major in Finance from the University of Florida) and his on-the-ground experiences with cryptocurrency starting in 2012. Alex works with cryptocurrency and blockchain-based companies on content strategy and business development. He privately consults entrepreneurs and venture capitalists on movements within the cryptocurrency industry.
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