Vladislav Sopov

Project Omoku targets coming months as the time frame for enabling direct IOTA purchases with bank transfers

Contents

  • More opportunities for fiat IOTA purchases
  • IOTA development progress on fire, data shows

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.

Read Also:   Akoin rolls out to Kenyan tech city in first step toward Akon City
IOTA fiat purchasings will be advanced by Omoku app
Image via Twitter

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.

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.

Read Also:   NVIDIA to Launch Processor Tailor Made for Ethereum Mining

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.




Download MAXBIT Android App, Your best source of all crypto news!
Google Play

Source link


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

by Alex Dovbnya
Choose A Format
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format