MedX partners with Wyre for USD payments
It is with great pleasure that we announce our partnership with Wyre to integrate USD payments on OpenCare. As we move forward with the rollout of OpenCare to physicians and patients, it is imperative that those unfamiliar with digital assets or cryptocurrency can easily use the dApp. One of those barriers (for now) is the requirement to own cryptocurrency.
Now with the Wyre widget, users on OpenCare can pay in USD. While users retain the options to pay or receive payment on OpenCare with DAI or ETH, users and clinics can now also link bank accounts in order to pay or receive payments in fiat.
On the front end, the widget appears as shown in the payment panel:
With Wyre’s simple onboarding process, users are able to use USD to obtain DAI, which then enters the OpenCare smart contracts. DAI token passes along the rails of the smart contracts to the physician in exchange for services, and the physician is able to withdraw either DAI token or USD.
About MedX Protocol
MedX is a permissionless protocol for launching medical dApps that connect patients and physicians worldwide for medical care. Applications on the MedX protocol can be used to eliminate intermediaries and international barriers to affordable care. OpenCare is the first dApp on MedX and creates a market for telemedicine that reduces global disparities in medical care. For more information, please visit us at https://medxprotocol.com/.
About Wyre
Wyre helps crypto companies operate in a fiat world. With the Wyre API, partners can grab off-the-shelf the necessary infrastructure for their business. From KYC/AML onboarding, payment processing, and liquidity, Wyre helps fintech entrepreneurs go to market quickly.
Founded in 2013 as one of the original infrastructure 1.0 crypto companies, Wyre has traded $3.5 billion in cryptocurrency assets in-house and have completed more than $750 million in bank-to-bank commercial FX payments. Wyre has expanded its global infrastructure to include relationships with counterparties to procure not only same-day settlement but deep liquidity and best pricing and execution. Funded by renowned VCs in Silicon Valley, Wyre is a well-vested company in the digital currency community, with users in 50+ countries, with features in Forbes, WSJ, NBC, Bloomberg, Coindesk and more. They are headquartered in San Francisco’s Mission district. For more information, please visit www.sendwyre.com.
