US Crypto Payment Company Restricts Withdrawals!

Crypto payment company headquartered in San Francisco, California Wyre Paymentsannounced that they have started to apply a withdrawal limit for users from their Twitter account.

We are modifying our withdrawal policy. While customers will continue to be able to withdraw their funds, at this time, we are limiting withdrawals to no more than 90% of the funds currently in each customer account, subject to current daily limits.

— Wyre 🔊 (@sendwyre) January 7, 2023

“We have decided to change our withdrawal policy. Our customers will be able to withdraw their funds from the platform as usual, but we have limited the daily withdrawal rate to 90%.”

In addition to the rate limit for withdrawals, amount limits have also been set. From now on, Wyre users will receive 5 per day. bitcoin and 50 from Ethereum Won’t be able to shoot much.

While rumors on social media that Wyre would be disabled last week, the withdrawal limitation caused great concern among investors. While the executives denied the allegations, they confirmed that they will downsize for the continuity of the company. In this process, it is aimed that the operations will continue uninterruptedly.

There have been major changes in the executive staff of the crypto payment service startup recently. New CEO Ioannis Giannaros took the helm as the management team changed from top to bottom.

MetaMask Stopped Wyre Support!

The largest browser-based crypto wallet provider MetaMaskannounced last week that it is removing Wyre support, as rumors continue to circulate.

🚨Heads up – Wyre has been removed from our mobile aggregator. Please do not use Wyre.

We’re currently working on Extension removal and appreciate your patience.

Transak, MoonPay, and Sardine (US-only) are still available on Apple Pay, Card, and Bank transfers🚀

— MetaMask 🦊💙 (@MetaMask) January 5, 2023

MetaMask officials advised their customers not to use Wyre’s services in a statement.