What does a Fiat Bridge do?
Waynance connects the merchant with a licensed third-party provider that offers optional conversion of digital assets into fiat currency.
Payment and conversion
Direct crypto payment and fiat conversion are separate processes. After receiving crypto, the merchant can connect with a licensed third-party provider that performs the conversion. Waynance facilitates the connection and does not perform the conversion.
Verification
The licensed third-party provider that performs the conversion requests KYC or KYB and the applicable checks. The specific requirements depend on the provider, the user and the jurisdiction.
Availability and timing
The third-party provider's conversion is designed to be fast. Actual timing and settlement may vary depending on verification, the network, the provider, the currency and the method used. Check the terms before confirming.