Crypto payment platform Wyre has lifted the 90% withdrawal limit it placed on its users earlier this week after securing additional funding. On Jan. 13, the San Francisco-based fintech firm announced that it had received financing from a “strategic partner” that allows it to continue the normal course of operations, including re-accepting deposits again. “As a regulated financial institution, we’re proud that we were able to continue delivering our services in a safe and sound manner without pausing withdrawals” it added. Hey Wyre community – we’re excited to share that today we received financing from a strategic partner that allows …
Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets just days after two former employees allegedly hinted the possibility of a shutdown. On Jan. 7, 2023, Wyre imposed a withdrawal limit on its platform, citing “the best interest of our community.” Following the policy modification, Wyre users can withdraw up to 90% of their crypto funds as the company explores strategic options to circumvent the prolonged bear market. We are modifying our withdrawal policy. While customers will continue to be able to withdraw their funds, at this time, we …
Crypto wallet MetaMask is ending support for services of Wyre crypto payment platform amid reports of Wyre planning to shut down operations soon. MetaMask took to Twitter on Jan. 5 to announce that it has removed Wyre from its mobile aggregator, which allows users to buy crypto directly through its digital wallet. “We're currently working on extension removal and appreciate your patience,” MetaMask said, asking users not to use Wyre on the mobile aggregator. According to the announcement, MetaMask still supports a wide number of other payment gateways, including Transak, MoonPay, and Sardine. The services are available on Apple Pay, …
Fiat-to-crypto on-ramp solution provider Juno has urged its users to sell or self-custody the crypto on its platform citing “uncertainty” with its crypto custodian partner Wyre. In a Jan. 4 tweet, the platform explained it that it doesn't hold any of its customer's crypto, and relies on its “crypto partner” for those services. “Due to uncertainty with our crypto partner, we have taken preemptive action in the interest of our customers,” it wrote, adding it’s also actively reaching out to customers to ask them to self-custody. 2/ Juno as a platform doesn’t custody crypto assets & relies on our crypto …
San Francisco-based e-commerce startup Bolt is moving into cryptocurrencies and nonfungible tokens (NFTs) by acquiring fiat-to-crypto and payment infrastructure firm Wyre. According to a joint announcement on Thursday, Bolt has reached definitive agreement to acquire Wyre, aiming to close the deal later in 2022. According to a report by The Wall Street Journal, the acquisition cost Bolt $1.5 billion. Bolt did not directly confirm or deny on the size of the deal to Cointelegraph. Bolt and Wyre are now planning to work together to create new commerce solutions for mainstream, including crypto usage by Bolt’s global merchants, retailers, shoppers and …
Google is behind the latest installation of a Bitcoin ATM in London, it has emerged, with its East London Campus hosting the company’s latest foray into digital currency. The machine, which is the seventh in the UK capital to allow purchase of BTC with a credit or debit card, is a joint venture between Google and three start-ups Callsign, Wyre and Bitbuddy. The first two are incumbent Campus entities, while Bitbuddy is an unaffiliated third party, IB Times notes. “Having one of the UK's first BTMs (bitcoin telling machine) at Campus London is only going to encourage more innovation, experimentation …