Discussion

• @wublockchain Wu Blockchain on x

  Wyre, a cryptocurrency payment company founded in 2013, has informed employees that it will close down due to layoffs and plans to terminate its services in January 2023, Axios reported. https://www.axios.com/...

• @justindross JD Ross on x

  Looks like Wyre just shut down their business Everyone in our shared Slack channel disabled except the GC. Hearing no severance.

• @noahweid @noahweid on x

  I sent an email to Wyre some months back asking about their Yield product—in large part because Wyre+Yield was used by a bunch of small CeDeFi and fintech apps. Their response insinuated Wyre+Yield had been closed for months, but some apps were still using it for their treasury. …

• @shenlucinda Lucinda Shen on x

  Crypto firm Wyre said to shut down as CEO admits to “scaling back” w/ the great @BradyDale. One, now former, employee tells me they have no plans to re-enter crypto after this. https://www.axios.com/...

• @callmegillette Alex on x

  Wyre was one of the pioneers in crypto on/off-ramps, I liked their website/ethos/product. It led to tons of crypto adoption and did a great job bridging to web3. As a more regulated web3 world emerges, working with Qualified Custodian's like @FortressXYZ becomes very important.

• @yoda Drew Olanoff on x

  guess those vibes weren't immaculate after all https://twitter.com/...

• @mayazi Maya Parody on x

  Kind of crazy that 6 months ago someone was willing to oh $1.5B for a crypto payment company that hasn't yet cracked what their product is. But then, that someone was also valued at $11B back then & is clinging to the unicorn status today https://www.axios.com/...

• @scotthickle Hickle on x

  Wyre shutting down is terrible for crypto adoption / web2.5 Wyre enabled embedded on-ramps and off-ramps for some of the biggest players like MetaMask and Opensea, among others. Even more wild, it looks like no competitors have off-ramping to fill the vacuum as of yet. https://tw…