In a blog post by CEO, Lanre Adelowo, FluidCoins, a startup focusing on APIs to enable businesses support crypto payments, announced its latest product, Wallet-as-a-Service.
With the product, businesses get to offer crypto-powered financial services/products to customers using stablecoins, a type of cryptocurrency whose value is pegged to the dollar or other currency.
According to FluidCoins:
“You can generate stablecoin addresses across 4 different blockchains, and receive deposits on them at zero cost.
Alternatively, these deposits can be sent out as USD to an international bank account or sent to another crypto address.”
– FluidCoins
______________________________________________________________________
SEE ALSO: [WATCH] Meta Opens Cloud API to Enable Businesses Build on Top of WhatsApp
______________________________________________________________________
An application programming interface (API) is a connection between computers or between computer programs. It is a type of software interface offering a service to other pieces of software.
FluidCoins currently has integrations with 4 blockchains:
- Ethereum
- Binance Smart Chain (BSC)
- Tron
- Polygon
This means that the product can support payments and other financial services relying on any of those chains.
In addition, the product supports 3 of the leading stablecoins that are backed by assets reserved with financial institutions:
| STABLE | SUPPORTED CHAIN |
| $USDC | ERC20, Polygon, and Binance smart chain |
| $USDT | ERC20, Polygon, and Tron |
| $BUSD | Binance smart chain |
According to FluidCoins, the API is totally free to use for any use cases with the startup only charging withdrawal fees for transactions on the different blockchains.
______________________________________________________________________
RECOMMENDED READING: African Startups have Raised Over $1 Billion in 2022 So Far
______________________________________________________________________
Thank you for your support by helping us create content:
BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT
ERC20 Address: 0x03139524428e40E31f13909f8D994C915FB91277
SOL address: 9cC65AWFHj848kntcoyiT8av3jiRQEqyTTmBR1GvVUb
____________________________________________________________________
Follow us on Twitter for the latest posts and updates
Join and interact with our Telegram community
_____________________
Subscribe to our YouTube channel below for more updates:
_____________________________________________________________
