Today, Worldwide Stablecoin Payment Network (WSPN) announced the launch of its new infrastructure, Global Payment 1.0, designed for institutional clients to facilitate payment integration between stablecoins and fiat currencies.
Features of Global Payment 1.0
Global Payment 1.0 offers a unified platform for converting stablecoins USDT, USDC, and WUSD into fiat currencies, providing both on-ramp and off-ramp services through a single API. The infrastructure simplifies transactions between cryptocurrencies and fiat, relieving businesses of the complexities traditionally associated with such transitions.
Benefits for Institutional Clients
The platform covers the entire operational workflow through API connectivity, encompassing client onboarding, KYB procedures, compliance verification, and token swapping functionality. Raymond Yuan, Founder and CEO of WSPN, stated: 'Global Payment 1.0 represents a significant leap forward in institutional crypto infrastructure, enabling businesses to offer their customers seamless crypto-to-fiat services without the technical complexity of building these capabilities in-house.'
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure and efficient payment solution for the global economy. Their flagship product, the WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users.
The Global Payment 1.0 infrastructure by WSPN represents an innovative solution for businesses looking to integrate crypto payments, highlighting the importance of simplifying the transition to digital assets.
