2023-01-04
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://twitter.com/...
Axios
Sources: crypto payments startup Wyre told staff that it is shutting down; Bolt planned to acquire Wyre for ~$1.5B but canceled the deal in September 2022
Wyre, a crypto payments company founded in 2013, has told employees that it is shutting down amid layoffs, Axios has learned.