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IOTA Might Receive Direct Fiat Gateway in Q2, 2021, Here's How

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Mon, 19/04/2021 - 11:02
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IOTA Might Receive Direct Fiat Gateway in Q2, 2021, Here's How
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The team at Omoku shared its ambitious plans on bringing fiat on-ramps to IOTA. Its closest roadmap includes API integrations and activation of bank transfers for IOTA purchases.

More opportunities for fiat IOTA purchases

According to a recent official announcement by software development team Omoku, it is going to significantly ease the process of interaction between post-Chrysalis IOTA and fiat payment systems. Namely, IOTA's reusable addresses can now be stored in one's Omoku account for seamless purchasing of IOTA.

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The in-app purchases will be low fee (0.9 percent), and a recurring order option is also available. With Chrysalis update activation on April 28, 2021, the new API interface will be integrated into IOTA processes by Omoku.

Alongside that, the Omoku team is working on UX improvements and tutorials for crypto newbies. But the most challenging milestone is Omoku's seamless integration with the Single Euro Payments Area (SEPA), a popular classic fiat payments protocol for businesses and individuals.

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Omoku customers will be able to buy IOTA instantly through their bank accounts as soon as Q2, 2021.

IOTA development progress on fire, data shows

As covered by U.Today previously, migration to IOTA's Chrysalis starts in two days while the upgrade is set to be activated on April 28, 2021.

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Meanwhile, the automated tools designed for tracking the activity of the open source development process on GitHub, registered the spike in IOTA's commits and issues.

According to the ProofofGitHub automatic dashboard designed for tracking GitHub repositories, IOTA is #1 by daily development activity in April followed by Bitcoin, Cardano, Polkadot, Kusama and more.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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