Wyre tweeted about raising the deduction limit to 90% effective immediately. The company has announced a few days ago the end of politics. Wyre laid off 75 workers earlier this year.
In a recent tweet from Wyre, the crypto exchange announced that it is raising 90% of its stop loss immediately after banning the stop a few days ago.
The company, in its tweet, said: “As a regulated financial institution, we are happy that we have been able to continue to provide our services in an efficient and effective manner. No stop. We will resume accepting deposits and raise the withdrawal limit to 90% with immediate effect.
Wyre received funding from one of his partners in his plan, after which he announced the announcement. However, the company did not disclose its name.
Wyre Announces Changes in Leadership and Use of Additional Capital to Accelerate Business and Transform Global Financial Ecosystem
The crypto exchange will use “additional capital” to accelerate its business and “change the global financial ecosystem.” On January 7, Wyre capped the maximum user discount at 90%. “Doing something for the benefit of our community is our priority, we are exploring strategic options for our business that will enable us to navigate the current market environment and achieve our goal to simplify and transform the process around the world of payments,” the company. Said in his tweet.
Wyre also made changes in its leadership by appointing Ioannis Giannaros as executive chairman, the former CEO. In addition, Stephen Cheng, chief risk and compliance officer, has been named interim CEO. The company has been facing the heat of the wild market for some time now. He laid off 75 workers at the beginning of the year, and there were rumors that the company would close, which he denied. Additionally, Metamask announced the removal of Wyre from its mobile collection.
“Warning – don’t remove Wyre from our mobile collection. Please do not use Wyre. We are currently working to remove the extension and appreciate your patience. Transak, MoonPay and Sardine (US only) are still available with Apple Pay, cards and bank transfers,” said the crypto wallet.