• About Us
  • Jobs
  • Contact
  • Login
  • Register
Crypto Mufasa
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
Crypto Mufasa
No Result
View All Result
ADVERTISEMENT
Home Crypto Exchanges

Wyre: A Crypto Payments Firm, Is Closing Down Amid A Market Downturn

Hania by Hania
January 4, 2023
in Crypto Exchanges, General News
Reading Time: 2 mins read
A A
0
Wyre: A Crypto Payments Firm, Is Closing Down Amid A Market Downturn
Tweet

In Brief:

  • Related articles
  • Crypto.com Is One Step Closer To Obtaining An Operating License In Dubai 
  • Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops
  • Some Quick Facts About Wyre :

Wyre, a cryptocurrency payments provider is shutting down operations by the end of January amid the broader crypto market downturn following FTX’s collapse.

Sources cited by Axios report that Wyre, which has been operating since 2013, is ceasing its operations from January 2023.

Related articles

Crypto.com Will Be Laying Off 20% Of Its Workforce In 2023

Crypto.com Is One Step Closer To Obtaining An Operating License In Dubai 

March 20, 2023
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

March 20, 2023

Some Quick Facts About Wyre :

Wyre A Crypto Payments Firm, Is Closing Down Amid A Market Downturn

  • According to two unnamed employees who spoke with Axios, Wyre is closing down. One of the employees added that CEO Ioannis Giannaros sent an email to a few of the employees around the holidays outlining intentions to shut the company and discontinue providing services by the end of the month.
  • According to the unnamed source, employees are really worried because the corporation has not yet provided a severance package.
  • Using LinkedIn on December 31, a former technical engineer at Wyre Michale Staib stated, “In my opinion, #Wyre won’t continue as a profitable firm.”

Wyre: A Crypto Payments Firm, Is Closing Down Amid A Market Downturn

  • Giannaros emailed Axios, stating, “We’re still operating, but we’ll be scaling back to prepare our future steps.”

Before abandoning the transaction in September, the transportation company Bolt had originally intended to buy Wyre for US$1.5 billion. According to information from Crunchbase, Wyre has raised US$29.1 million over nine fundraising rounds.

Wyre, a company founded in 2013, is among the latest in a series of businesses affected by the FTX exchange’s collapse as well as broader macroeconomic circumstances.

However, Official confirmation of the shutdown has not yet been made by the company.

Tags: BANKRUPTCYcryptocurrencyMarket Downturn
Tweet47Share76ShareSendPin17ShareSend
ADVERTISEMENT
Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Crypto.com Will Be Laying Off 20% Of Its Workforce In 2023
Crypto Exchanges

Crypto.com Is One Step Closer To Obtaining An Operating License In Dubai 

March 20, 2023
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops
General News

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

March 20, 2023
FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX/Sam Bankman-Fried scandal
Business

Sam Bankman-Fried Pleas The Court To Provide His Legal Bills Reimbursement Top Priority

March 16, 2023
UK Binance Halts GBP Deposits And Withdrawals
Crypto Exchanges

UK Binance Halts GBP Deposits And Withdrawals

March 15, 2023
Euler Finance
Altcoin News

Euler Finance’s Bold Offer to Hacker: Keep $20M or Risk Prosecution

March 15, 2023
Coinbase Wallets Will No Longer Support XRP, BCH, XLM And ETC
Crypto Exchanges

Coinbase Discontinued Accepting Trading For BUSD

March 14, 2023
Bitcoin Hits $28k As Unpredictability Surrounds Banks
General News

Silicon Valley Bank Collapse Might Trigger A Run On US Regional Banks

March 14, 2023
OkCoin Exchange USD Deposits Suspended
Crypto Exchanges

OkCoin Exchange USD Deposits Suspended

March 13, 2023
Breaking_ New York regulators have closed Crypto-Friendly Signature Bank, claiming _systemic risk_
Regulation

Breaking: New York Regulators Have Closed Crypto-Friendly Signature Bank, Claiming “Systemic Risk”

March 13, 2023
Load More
  • Trending
  • Comments
  • Latest
OKX: An all-in-one trading platform that supports cryptos, derivatives, staking, and lending

OKX: An All-in-one Trading Platform That Supports Cryptos, Derivatives, Staking, And Lending

December 27, 2022
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

Scam Alert: This Email Can Drain Your Crypto and NFT Wallet

January 21, 2023
Crypto Airdrops: Are They Really Safe? "The Ultimate Guide"

 A Step-By-Step Guide To Understand Arbitrum’s (ARB) Token Airdrop

March 17, 2023
HappyMiner

Earn Passive Income Cloud Mining With HappyMiner

March 19, 2023
Bitcoin ATM Rise Or Fall: In Less Than 60 Days, More Than 400 Machines Went Offline

Bitcoin ATM: How to use them?

1
All You Need To Know about Defi (Decentralized Finance)

All You Need To Know About DeFi (Decentralized Finance)

1
Robinhood enables the Web3 Wallet beta accessible to 10,000 users

Robinhood enables the Web3 Wallet beta accessible to 10,000 users

1
Mastercard Introduces a New Tool to Prevent Crypto Fraud

Mastercard Introduces a New Tool to Prevent Crypto Fraud

1
Crypto.com Will Be Laying Off 20% Of Its Workforce In 2023

Crypto.com Is One Step Closer To Obtaining An Operating License In Dubai 

March 20, 2023
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

March 20, 2023
Bitcoin ATMs Manufacturer Has Shut Down Its Cloud Service Following The Hacking Of Its Users 

Bitcoin ATMs Manufacturer Has Shut Down Its Cloud Service Following The Hacking Of Its Users 

March 20, 2023
Bitcoin’s Best January In 10 Years, With A 39.6% Gain For The Month

Bitcoin Hits $28k As Unpredictability Surrounds Banks

March 20, 2023
Crypto Mufasa

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Navigate Site

  • Contact
  • Terms Of Service
  • Privacy Policy
  • Crypto Prices
  • Crypto Exchanges
  • Work With Us

Follow Us

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In