MetaMask, a crypto wallet, has stopped supporting Wyre’s services. This is in light of reports that Wyre will soon cease operations.
MetaMask began using Twitter on January 5th announce Wyre has been removed from the mobile aggregator that allows users to purchase crypto directly via its digital wallet.
“We’re currently working on extension removal and appreciate your patience,” MetaMask said, asking users not to use Wyre on the mobile aggregator.
According to the announcement MetaMask continues to support a variety of payment gateways including Transak and MoonPay. MetaMask stated that the services are available via Apple Pay, bank cards, and transfers.
This news comes shortly after Wyre CEO Ioannis Gianaros reportedly announced the resignation of his chief executive officer. announced Employees are informed that the company is closing down operations soon.
“We’ll continue to do everything we can, but I want everyone to brace themselves for the fact that we will need to unwind the business over the next couple of weeks,” Giannaros reportedly stated.
Related: According to Galaxy Research, 2023 could prove to be a difficult year for crypto venture investment:
MetaMask did not immediately respond to Cointelegraph’s request to comment. Cointelegraph asked Wyre several times for comment.
Wyre, a crypto payment company founded in San Francisco in 2013, was close to being bought for $1.5 billion in 2017. In April 2022, the United States e-commerce startup Bolt agreed to acquire Wyre. Bolt finally decided to acquire Wyre amid the crypto bear market in 2022. scrap The deal was made in September.