It seems that following a full decade in the crypto business, an important firm is coming to the end of its existence. Check out the latest reports about this below.
Wyre to shut down
Accoridng to the latest reports, the crypto payments service says that it is shuttering its doors after being in the business for 10 years, citing harsh market conditions.
In a new statement, crypto payments firm Wyre made sure to explain to all of those interested that the decision to cease operations is in the best interest of its customers and stakeholders.
“After nearly a decade, Wyre is winding down. Due to market conditions, we made this decision to protect the best interest of our key stakeholders and customers. This decision is not due to any regulatory agency direction. Wyre continues to secure customer assets.”
As per the information provided by the digital asset infrastructure provider, it is possible for users to withdraw their assets from the platform until July 14th.
However, after this specific time period, customers will need to utilize a different, unspecified process to gain access to their funds.
“If you have assets on the Wyre platform, you can withdraw them via Wyre’s dashboard through Friday, July 14th. After then, we will have a separate process to recover assets remaining on the platform.”
The same notes revealed the following:
“We will post details on the process on our website and blog. We appreciate your support and the opportunity to serve you throughout this journey. Please check our blog for further updates.”
We suggest that you check out the original article posted by the Daily Hodl in order to learn more details about all this.
Other than this, the crypto space is seeing massive advancements despite the crises that have been triggered by the SEC and its accusations.
