Crypto payment platform Wyre has lifted the 90% withdrawal limit it placed on users earlier this week after securing additional funding.
“As a regulated financial institution, we’re proud that we were able to continue delivering our services in a safe and sound manner without pausing withdrawals,” it added.
Wyre (@sendwyre) January 12, 2023 Wyre set withdrawal limits on Jan. 8, restricting customers from emptying their accounts entirely.
The limits were imposed just two days after former employees hinted at the possibility of the firm’s shutdown.
Wyre provides real-time payouts, same-day transfers, direct-to-bank transfers, and cross-border payments in fiat and crypto.
The company was acquired by fintech firm Bolt for $1.5 billion in April.
Source: Cointelegraph