Wyre ceases operations

Wyre company is engaged in cryptocurrency payments. The other day she announced that she was ceasing her activities after 10 years of work. They explained this by the difficult conditions in the bear market.

What the Wyre statement says

In a statement, the company said that this decision was difficult. However, it is necessary to protect stakeholders and users.

Customers will be able to withdraw funds freely until July 14. After that, the repayment process will begin. It will be launched by the company's team separately.

The company also reported that the assets have already been put up for sale. 88 Partners will be engaged in business proposals.

It is known that the site was on the verge of bankruptcy. This happened last fall. Then the Bolt financial and technical organization did not sign an agreement under which it was going to absorb the company for $ 1.5 billion.

At the beginning of this year, the payment service limited the withdrawal of the deposit. A limit of 90% of it was set. According to media reports, the founder warned employees that the business could close. The restrictions were later lifted. According to the company, they received funding from a "strategic partner".

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