Nigerian Crypto Payments Startup, FluidCoins, Launches a Free Wallet-as-a-Service API

You can generate stablecoin addresses across 4 different blockchains and receive deposits on them at zero cost.

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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

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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:

STABLESUPPORTED 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.

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