After Acquiring Additional Funds, Wyre Has Lifted the 90% Withdrawal Cap for Its Customers

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Last Updated on January 13, 2023 by Bitfinsider

Wyre announced today on Twitter that it has obtained a new source of money, allowing them to remove its recent 90% consumer withdrawal cap.

Source: Twitter

Recently, Wyre announced it will restrict customer withdrawals in an effort to weather financial storms and strengthen the company’s defenses against competitive threats.

As rumors of a possible company closure spread earlier this month, 75 workers were let go. Wyre dismissed the speculation and insisted it was still in business.

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