• Wyre, a cryptocurrency payments company, has removed the 90% withdrawal limit after receiving financial support from a “strategic partner.”
• The company previously imposed withdrawal limits on customers, hinting at a potential liquidity crisis.
• Wyre has now resumed accepting deposits and has lifted the 90% withdrawal limit, allowing customers to make full withdrawals.

Wyre, a cryptocurrency payments company, has recently removed the 90% withdrawal limit that was previously imposed on customers. This was made possible after Wyre secured financial backing from a “strategic partner,” allowing it to continue its “normal course of operations.” The move comes after customers were made aware of Wyre’s potential liquidity crisis, which had prompted the company to impose withdrawal limits.

The company has now resumed accepting deposits and has lifted the 90% withdrawal limit, allowing customers to make full withdrawals. Wyre stated that the financial support enabled them to maintain their current operations without any disruption. The strategic partner has not yet been identified, but the company is expected to reveal more information in the near future.

The move has been welcomed by many of Wyre’s customers, who had previously been unable to make full withdrawals. The company has also promised to improve its customer service operations in the coming weeks. Wyre has been providing payment services since 2023 and has become a popular choice among cryptocurrency traders and investors.

The company has also been working to expand its services to include a range of new features. These include support for additional cryptocurrencies, a streamlined onboarding process, and a more intuitive user interface. Wyre has also been actively engaging with regulators to ensure that its services meet all legal requirements.

With the recent financial backing, Wyre is now in a position to continue its operations without any disruption. The company has also promised to provide more transparency in the future, which should help to build trust among its customers. Wyre’s move to resume normal operations is a positive step forward for the cryptocurrency industry and will likely be welcomed by many of its users.

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