Wyre resumes withdrawals and deposits after securing financial support

Wyre resumes withdrawals and deposits after securing financial support

The company for cryptocurrency payments-Wyre-said it received financial support that enabled him to continue his "normal operating process".

Previously, the customers were imposed with payout limits, which indicated a possible liquidity crisis.

Back to the normal

Wyre announced that it received important support from a "strategic partner" that enabled the company to lift the payment limit of 90 % and to resume deposits.

hello wyr-community-we are pleased to be able to tell you that today we have received financing from a strategic partner that enables us to continue our normal business.

- Wyre 🔊 (@Sendwyre) 12. January 2023

It was claimed that the money injection would help the company's goal to "simplify and revolutionize the global financial ecosystem". Wyre also thanked his customers, partners and the wider crypto community for their “positive mood” while the company was completed with its problems.

"We will continue to operate with transparency and in the best interest of our customers and partners. Thank you for entrusting us with your business. We will continue to put our customers in the first place if we return to growth," concluded it.

the entity used preserver-spaces = "true"> at the beginning of this week that enable users no more than 90 % of their money. In addition, consumers allowed a maximum of 5 BTC and 50 ETH per day.

Wyre ended his collaboration with the leading crypto wallet provider Metamask at the beginning of this year. The latter Warned User to keep away from his former partner.

The cryptocurrency bank Juno also broke off the connection to Wyre and added Zeo Hash as a new custody partner. Before that it gave customers due to "uncertainty" with wyre withdraw their fortune and transfer their stocks against cash.

The 1.5 billion dollar acquisition

Bolt Financial-An American Fintech startup- bought wyre last year for a full 1.5 billion in a deal, on which none Special Purpose Acquisition Company (SPAC) was involved.

"Today we write history and bundle our powers in order to reinvent the way people with trade and crypto interact ... Simply expressed, we want to enable every retailer to act in cryptocurrency and eliminate many years of obstacles," commented Yanni Gianaros, CEO from Wyre back then.

Ryan Breslow-founder of Bolt-said that the takeover illustrates the company's intentions to deeper into the cryptocurrency industry.

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