You've certainly used (or know of) a product or service where there was a "Buy" button that was actually Wyre's whitelabel "fiat onramp" service -- essentially a widget they add to their website, or a couple API calls from an app.
Mostly used for ACH (US) and SEPA (EU).
The wallets add this and earn a commission on each sale that occurs.
Others in the "fiat onramp" API space are:: MoonPay, Ramp Network, SimplexCC, Transak, Mercuryo, OnRamper, Banxa, and a handful of other smaller ones.
Here's the Tweet from Wyre that kicked off a Twitter thread where the CEO is replaced with an interim CEO and the company has funding to meet all withdrawal obligations.
Hey Wyre community – we’re excited to share that today we received financing from a strategic partner that allows us to continue our normal course of operations.
Services and wallets that used Wyre are starting to notify their users to withdraw:
1/ Update on @JunoFinanceHQ in the last 24 hours At Juno, we aim to be the easiest and fastest on and off-ramp for crypto. ~90% of our crypto native users have always used Juno as an on and off-ramp. Juno offers these services via its banking and crypto partners.
At Juno, we aim to be the easiest and fastest on and off-ramp for crypto. ~90% of our crypto native users have always used Juno as an on and off-ramp.
Juno offers these services via its banking and crypto partners.
Anyone use this service? Never even heard of it.
You've certainly used (or know of) a product or service where there was a "Buy" button that was actually Wyre's whitelabel "fiat onramp" service -- essentially a widget they add to their website, or a couple API calls from an app.
Mostly used for ACH (US) and SEPA (EU).
The wallets add this and earn a commission on each sale that occurs.
Others in the "fiat onramp" API space are::
MoonPay, Ramp Network, SimplexCC, Transak, Mercuryo, OnRamper, Banxa, and a handful of other smaller ones.
Scaling way back to bankruptcy
UPDATE
Here's the Tweet from Wyre that kicked off a Twitter thread where the CEO is replaced with an interim CEO and the company has funding to meet all withdrawal obligations.
deleted by author
Services and wallets that used Wyre are starting to notify their users to withdraw:
https://twitter.com/JunoFinanceHQ/status/1610639365595860992 [Nitter]
And an article from CoinDesk on this:
Crypto Bank Juno Tells Customers to Self-Custody or Sell Amid Custodian Wyre's Turmoil
https://www.coindesk.com/business/2023/01/05/crypto-bank-juno-tells-customers-to-self-custody-or-sell-amid-custodian-wyres-turmoil [Archive]