{"id":43568,"date":"2023-01-08T12:53:33","date_gmt":"2023-01-08T16:53:33","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=43568"},"modified":"2023-01-08T13:01:19","modified_gmt":"2023-01-08T17:01:19","slug":"wyre-limits-all-users-withdrawals-to-a-maximum-of-90","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/wyre-limits-all-users-withdrawals-to-a-maximum-of-90\/","title":{"rendered":"Wyre limits all users’ withdrawals to a maximum of 90%"},"content":{"rendered":"\n
Wyre imposed a daily withdrawal limit<\/a> on its platform subject, citing \u201cthe best interest of our community.\u201d<\/h5>\n\n\n\n
\"Wyre
Wyre limits all users' withdrawals to a maximum of 90%<\/figcaption><\/figure>\n\n\n\n

Just days after two former workers purportedly warned at the prospect of a closure, cryptocurrency payment company Wyre\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> amended its withdrawal policy to restrict users from cashing out up to 90% of their assets. This new rule applies to alll customers using its service and means any withdrawal requests exceeding this limit will be rejected.<\/p>\n\n\n\n

Wyre put a withdrawal cap on its platform on January 7, 2023, citing “the best interest of our community.” Users of the crypto currency payment company can now withdraw up to 90% of their cryptocurrency funds<\/a> as the company looks into alternative strategic options to avoid the protracted bear market.<\/p>\n\n\n\n

\n

“We are modifying our withdrawal policy. While customers will continue to be able to withdraw their funds, at this time, we are limiting withdrawals to no more than 90% of the funds currently in each customer account, subject to current daily limits,” it said on Twitter.<\/p>\n<\/blockquote>\n\n\n\n

Last week, Wyre laid off 75 emplyees amid reports the firm was planning to shut down. In an update, the crypto currency payment company said its operations would continue.<\/p>\n\n\n\n

There have been rumors that Wyre's demise caused its cooperation with the digital wallet MetaMask<\/a> to end. The removal of the crypto currency payment firm from MetaMask's mobile aggregator, which previously allowed users to purchase bitcoins directly from the digital wallet, was revealed on January 5.<\/p>\n\n\n\n

\n

\u201cWe\u2019re currently working on extension removal and appreciate your patience,\u201d MetaMask said, asking users not to use Wyre on the mobile aggregator.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Wyre imposed a daily withdrawal limit on its platform subject, citing \u201cthe best interest of our community.\u201d Just days after two former workers purportedly warned at the prospect of a closure, cryptocurrency payment company Wyre amended its withdrawal policy to restrict users from cashing out up to 90% of their assets. This new rule applies […]<\/p>\n","protected":false},"author":43,"featured_media":43570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-43568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/croc_1673194032146.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=43568"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/43570"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=43568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=43568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=43568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}