Crypto payments platform Wyre shutters, citing bear market conditions By Cointelegraph

San-Francisco-based crypto payments firm Wyre is shutting down after almost 10 years in business, citing the financial challenges of the bear market and not having anything to do with hawkish “regulatory agency direction” in the United States.

In a June 16 blog post, the firm stated that it made the difficult decision to wind down to “protect the best interest of our key stakeholders and customers.”