A crypto payment service says it is closing its doors after 10 years in the business, citing harsh market conditions.
In a new statement, crypto payment firm Wyre say that the decision to cease operations is in the best interests of its customers and stakeholders.
“After almost ten years, Wyre is winding down. Due to market conditions, we have made this decision to protect the interests of our key stakeholders and customers. This decision is not the result of any regulatory body. Wyre will continue to secure customer assets.”
According to the digital asset infrastructure provider, users can take their assets off the platform until July 14. After that period, customers will have to use a separate non-specific process to access their funds.
“If you have assets on the Wyre platform, you can withdraw them through the Wyre dashboard through Friday, July 14. After that, we have a separate process to recover assets left on the platform.
We will post details about the process on our website and blog. We appreciate your support and the opportunity to be of service to you on this journey. Check our blog for further updates.”
In January, reports surfaced that Wyre would close shop after software development firm Bolt Financial backed out of its deal to acquire the platform for $1.5 billion.
It was announced at the time that Bolt and Wyre mutually agreed to close the deal.
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