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The Wyre crypto platform is closed to protect the best interests of the customers
The cryptocurrency payment company Wyre, citing the current “market conditions”, announced that it would hire the company. The company has gone through several heights and depths in recent years, whereby its biggest problems will be acting on the market for digital assets from 2023 due to the continuing uncertainty. The crypto company based in San Francisco announced that it would no longer offer its services and blamed the currently difficult times in the financial sector. The steps aim to "protect the best interests of our most important stakeholders and customers" and have nothing to do with the procedure of the US stock exchange supervision SEC or other regulatory hurdles, explained ...
The Wyre crypto platform is closed to protect the best interests of the customers
The cryptocurrency payment company Wyre, citing the current "market conditions", announced that the company hires.
The company has gone through several ups and downs in recent years, whereby its biggest problems will be acting on the market for digital assets from 2023 due to the continuing uncertainty.
- The crypto company based in San Francisco announced that it would no longer offer its services, and blamed the currently difficult times in the finance sector. The steps aim to "protect the best interests of our most important stakeholders and customers" and have nothing to do with the procedure of the US stock exchange supervision SEC or other regulatory hurdles, said Wyre.
after almost a decade, Wyre goes to rest. Due to the market conditions, we made this decision to protect the best interests of our most important stakeholders and customers. This decision is not due to the instructions of a supervisory authority. Wyre continues to secure the assets of its customers.
-Wyre (@Sendwyre) 16. June 2023
- The company said that customers can withdraw their assets by July 14 via the dashboard from Wyre. If you do not do this, you are subject to a separate program for the back of your remaining means. "We will publish details about the process on our website and on our blog," said Wyre.
- The company founded in 2013 won in 2021 when put together with polygon. The partnership enabled developers to grant customers of the Layer 2 Blockchain network access to USDC.
- Wyre Colored Another deal in spring 2022 when the financial technology company Bolt acquired it for $ 1.5 billion. It is worth noting that the transaction is not involved in the transaction (Special Purpose Acquisition Company, Spac).
- The start of 2023 was not so successful. Wyre announced on January 8 that it would change some of his guidelines imposed Payout limits a day later.
- In the following week it resumed the "normal operating process" after it had received important support from another organization.