Cryptocurrency wallet MetaMask has removed support for crypto payment network Wyre from aggregators following rumors of the platform shutting down.
Wyre crypto payment network is no longer supported by the cryptocurrency wallet MetaMask, according to rumors that Wyre will shortly cease operations.
On January 5, MetaMask said on Twitter that Wyre had been taken off of their mobile aggregator, which enables users to purchase cryptocurrency straight via its digital wallet.
Users were urged not to use Wyre on the mobile aggregator by MetaMask, who added, “We’re working on extension removal and appreciate your patience.”
The notice states that MetaMask continues to support a large variety of other payment gateways, including Transak, MoonPay, and Sardine. According to MetaMask, the services are accessible via Apple Pay, bank cards, and transfers.
The information was released shortly after Wyre CEO Ioannis Giannaros allegedly informed staff members that the company will soon cease operations.
Giannaros allegedly said, “We’ll keep doing everything we can, but I want everyone to prepare themselves for the possibility that we will need to wind the firm down over the next couple of weeks.”
Wyre, a significant cryptocurrency payment company, was established in San Francisco in 2013 and almost sold for $1.5 billion last year. The American e-commerce firm Bolt decided to buy Wyre in April 2022. Bolt ultimately decided to cancel the agreement in September 2022 during the severe crypto bear market that year.
