Place/Date: - August 22nd, 2022 at 10:21 am UTC · 2 min read
Lyra has announced the launch of its new platform, which allows users to spend their cryptocurrency in any of the millions of online merchants worldwide. These include Netflix, Airbnb, DoorDash, Instacart, Walmart, & many more.
With Lyra’s intuitive dashboard and Chrome extension, users can create virtual Visa cards on demand, allowing them to pay for one-time purchases or subscriptions. These cards are instantly activated and available for immediate spending.
The process is simple and secure as Lyra users are not required to expose their personal information or private keys. Instead, they need only choose any one of the major cryptos the platform supports, load up a balance, and generate their virtual Visa card. It supports a range of cryptocurrencies, including BTC, ETH, LTC, and ADA. Other currently supported cryptocurrencies include SOL, MATIC, BSC, USDC, and USDT.
Crypto users with any of these supported cryptocurrencies can purchase Lyra Visa Prepaid Cards and set their spending limits. Then, they can add the Lyra Chrome extension to their browsers. This extension allows the creation of cards and auto-filling of card details at checkout on major retailers, all without going back and forth between websites.
Lyra’s intuitive checkout system allows users to auto-fill their virtual Visa card details at checkout. The system accomplishes this by injecting Lyra’s logo into the online retailers’ credit card fields, thereby allowing for faster, one-click checkouts.
Lyra is looking to make it easier for people to use their cryptocurrency holdings for everyday transactions and help bridge the gap between traditional finance and the burgeoning cryptocurrency industry. With this new platform, Lyra is poised to become one of the leading providers of crypto spending in the world. Visit https://paywithlyra.com/ to try out this platform today and sign up for early access.
Lyra Founder and CEO Griffin Wheeler told us:
“Our goal at Lyra is to change how crypto is viewed by holders and give them a way to easily spend crypto online. The biggest pain point in crypto is the inability to easily spend your crypto without jumping through hoops or waiting days to sell it. Since only a select few merchants accept crypto natively, Lyra leverages existing card payment infrastructure to facilitate payments at millions of sites online.”
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