BRD Partners With Wyre To Offer Industry Low Bank Transfer Fees For Crypto
Partnership will enable US customers to purchase BTC, ETH, and DAI from over 1,700 banks
SAN FRANCISCO, CA — (June 11, 2019) BRD, the most secure cryptocurrency mobile wallet, trusted by over 2 million users in 170 countries, now allows US customers to purchase bitcoin, ethereum, and Dai using bank transfers. The new capability for US customers is supported by over 1,700 US banks enabled by a new partnership with Wyre, a leading payments provider for the blockchain industry.
The new partnership will enable BRD to extend its product roadmap to fulfill its long-term vision of being 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.”
By using BRD for buying BTC, ETH, or Dai, US consumers will now have the ability to directly link their bank account in less than five minutes. Besides allowing customers to securely exchange their fiat for cryptocurrency, bank transfers offer the lowest fees when purchasing crypto.
Existing BRD users will be able to avoid traditionally high prices and newcomers looking to enter the space finally have an affordable option.
“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. At the beginning of 2019, the company achieved the fastest start in company history:
- 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 an 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 remains the most trusted bitcoin and cryptocurrency mobile wallet available. Their industry-leading global support team has an average response time of under 90 minutes, allowing for any customer questions to be answered quickly.
BRD is a global company that’s bringing blockchain-enabled financial services to the mobile generation. We provide consumers with the simplest and the most secure way to buy and protect bitcoin and other cryptocurrencies. Launched in 2015, and headquartered in Zurich (Switzerland), BRD is a venture-backed company which has raised $55M USD from top investors focused on banking, FinTech, and the 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 the 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, we have an established network of relationships with leading banks, exchanges, and decentralized partners.
Using Wyre’s API, customers are able to instantly convert fiat to crypto globally in over 50 countries, in 8 different fiat currencies, and 3 cryptocurrencies. We focus on compliance, regulatory licensing, liquidity, and payment processing, so our partners can do what they do best, creating amazing tools on the blockchain.
Spencer Chen, VP of Global Marketing
Phone: (650) 200-3231
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