AirSwap is introducing fiat-to-crypto conversion through its integration with Wyre, a registered money service business with licenses in over 40 states. With this initiative, traders will now be able to exchange fiat currency (USD, GBP, EUR, AUD) for cryptocurrency (ETH) via their debit/credit card or bank transfer—all within their individual, self-custodied wallet.
As custodial exchanges continue to suffer hacks and lose customers’ funds, AirSwap is offering a non-custodial trading solution through a decentralized, peer-to-peer model. With Wyre, AirSwap users are now able to purchase ETH with fiat, then trade that newly acquired ETH with other ERC-20 tokens.
But it’s not just security that benefits: by ensuring that users never have to leave the network to interact with a third-party exchange, AirSwap is able to offer a more cohesive trading solution, keeping its peer-to-peer philosophy accessible for all traders, regardless of experience level.
Together, AirSwap and Wyre offer users increased control of their assets while enabling a more fluid and elegant trading process.
“AirSwap is a decentralized, peer-to-peer token trading network built on Ethereum. Buying and selling tokens on AirSwap is secure, simple, and without fees. Our mission is to empower people through global, frictionless trade,” the company said in a press release.