I was referred to mWire. What is this and why do I need it?

I was referred to mWire. What is this and why do I need it?

Your recipient of funds is requesting payment in a digital dollar called USDC (stablecoin). mWire is an app that allows you to do this. Follow a few simple steps to top-up your mWire wallet with USDC using your debit card or other available payment methods. Then, follow the prompts in mWire to finish sending these funds to your recipient.

You don't need to know anything about stablecoins or crypto, and you don't need an existing crypto wallet. mWire creates one for you when you sign in.

You may be asked to verify your identity — When topping up your mWire wallet with USDC, you will interact with a secure third-party integrated payment provider using the mWire interface. They may require you to verify your identity for regulatory reasons. They need to make sure you are who you say you are. You can learn more in the Identity Verification section.