Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, February 18 2021 - 01:07
AsiaNet
Sylo Smart Wallet users can now purchase cryptocurrencies in-app simply using their bank cards
AUCKLAND, New Zealand, Feb. 17, 2021 /PRNewswire-AsiaNet/ --

Decentralised software development firm Sylo(https://sylo.io/network/) have 
officially launched a 'buy crypto in-app' feature to the Sylo Smart 
Wallet(https://sylo.io/wallet/), thereby removing another of the hurdles 
between everyday people and the mainstream adoption of cryptocurrency.

As of today, users can simply and quickly buy crypto within their Sylo Smart 
Wallet app by means of bank card or transfer. Available in more than 100 
countries, global users now have the choice to pay for their crypto using over 
80 different fiat currencies.

Sylo Smart Wallet users around the world will be able to purchase Bitcoin 
(BTC), Tezos (XTZ) and Ethereum (ETH), with the exception of some residents of 
the USA. 

A feature that democratises access to the cryptosphere, the 'buy crypto in-app' 
feature has been facilitated in conjunction with 
MoonPay(https://www.moonpay.com/), a backend payments infrastructure that 
enables the purchase of cryptocurrencies with fiat.

As Bitcoin's bull run continues into 2021, release of the 'buy crypto in-app' 
functionality couldn't come at a time more convenient for newcomers who are 
hungry to get into crypto.

"Bridging the tangible and digital worlds of fiat and crypto is our consistent 
goal and we're really excited to unveil this useful new piece of functionality 
to our users," says Ben Jordan, Sylo Co-Founder and Product Director.

"Enabling users to purchase crypto in-app and send it directly to their wallet 
removes a major 'pain-point' that often stops newcomers from getting on board 
with cryptocurrency and its benefits. We look forward to our global community 
of users gaining an even better ease of access to crypto by means of this new 
tech."

The first large-scale deployment by Sylo for the year, the release of the 'buy 
crypto in-app' feature is by no means the end of their vision for the Sylo 
Smart Wallet. Features that build upon the ability to purchase crypto in-app 
will become available in later 2021. Payment via virtual cards such as Apple 
Pay, Google Pay and Samsung Pay will be made available in the coming months.

ABOUT SYLO

Sylo is a New Zealand-based software development house founded in 2010. 
Committed to decentralisation, they are the core developers of the Sylo 
Network, the Sylo Protocol and the Sylo Smart Wallet. A next-gen app, the Sylo 
Smart Wallet sleekly combines a digital asset wallet with a decentralised 
private messenger. The app allows users to request and receive payments in 
chat, store and interact with digital assets such as 
BTC(https://medium.com/sylo-io/sylo-smart-wallet-welcomes-bitcoin-84527a315b14) 
or any ERC-20 compatible token like 
SYLO(https://www.coingecko.com/en/coins/sylo), in a non-custodial wallet, 
utilise a Web3 Ethereum dApp browser( 
https://zephyrnet.com/sylo-smart-wallet-releases-in-app-dapp-browser/), and pay 
using cryptocurrency in the real world( 
https://www.coindesk.com/coca-cola-bottler-signs-on-to-bring-crypto-transactions-to-the-mainstream). 
For further announcements, follow Sylo on Twitter(https://twitter.com/sylo), 
Medium(https://twitter.com/sylo) or visit www.sylo.io.

Download the Sylo Smart Wallet from the Google Play 
(https://play.google.com/store/apps/details?id=io.sylo.dapp) or Apple App 
(https://apps.apple.com/app/apple-store/id1452964749) stores.

Download supporting imagery here 
(https://drive.google.com/drive/folders/1AOvTcdiZw48O04uD2G3Q4SL7WzVp_dPn).

SOURCE:  Sylo