Wyre News

Wyre has begun the process of winding down and noted that interested parties can now start inquiring about purchasing the firm’s assets.

SpankChain was forced to close its crypto payment processor after the hunt for a new adult-industry-friendly service provider yielded no results.

Just five days after imposing them, Wyre has removed all limits on account withdrawals.

Wyre has imposed a daily withdrawal limit on its platform, citing “the best interest of our community.”

Wyre was set to be acquired for $1.5 billion by San Francisco e-commerce startup Bolt last year, but the deal was eventually scrapped.

Juno recommended users pull their funds from the platform amid “uncertainty” over the fate of its crypto custody provider Wyre.

Bolt expects to integrate its checkout system with cryptocurrencies by the end of 2022, allowing consumers to buy physical goods with crypto.