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Crypto Payments Platform Wyre implements a 90% withdrawal limit after employees allegedly say company will shut down.

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by COINS NEWS 128 Views

Statement directly from Wyre

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.

They also state this

Acting in the best interest of our community is our top priority, and we are exploring strategic options for our company that will enable us to navigate the current market environment and deliver on our mission to simplify and revolutionize the global payments ecosystem.

Which I find weird because if they cared about their community, why limit withdrawals at all?

As a result of this, Metamask cut ties with Wyre as they used to have a partnership which used to allow users to buy cryptocurrencies directly from the MM wallet.

submitted by /u/Far-Scholar9028
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