Crypto Payment Firm Wyre Resumes Withdrawals

Crypto payment startup Wyre has just announced it has removed the limit on withdrawing no more than 90% of the deposit in the account, taking into account daily limits.

According to reports, the policy change was made possible due to the fact that the company has attracted funding from an unnamed “strategic partner.”

The company restricted the withdrawal of funds on January 7. According to media reports, the company co-founder and CEO Ioannis Giannaros had warned employees about a possible closure of the business.

The resulting investment will allow Wyre to continue operating, including re-accepting deposits.

According to the post:

“As a regulated financial institution, we are proud to have been able to continue providing our services in a secure manner without suspending withdrawals.”