Goodbye, Wyle? MetaMask stops supporting the struggling encrypted payment platform
MetaMask, the cryptocurrency wallet provider, will no longer support the payment platform Wyre because it is reported that the latter will be closed soon.
In a tweet on January 5, MetaMask said that Wyre had been removed from its mobile aggregator, which allows users to purchase cryptocurrencies directly through digital wallets.
The wallet provider added that it was working hard to remove the extension and asked users to stop using Wyre on mobile aggregators.
Although support for Wyre has been terminated, MetaMask said that it still supports many other payment gateways, including Transak, MoonPay and Sardine, which can be accessed through Apple Pay, bank cards and bank transfers.
Wyre CEO Ioannis Giannaros told employees: "We will continue to do our best, but I hope everyone is ready because we will need to close the business in the next few weeks."
Wyre, headquartered in San Francisco, was founded in 2013 and received an offer of $1.5 billion from the e-commerce startup Bolt almost in April 2022. However, due to the bear market of cryptocurrency, the transaction was finally cancelled in September.