Difference between revisions of "Wyre"

Latest revision as of 04:37, 20 June 2023

Basics

Based in San Fransisco
Closed shop. The crypto payments firm is ceasing operations less than a year after it was valued at $1.5 billion in an abortive acquisition by Bolt.
Got acquired by Bolt and got winded down (7-1-2023) before being saved by a 'strategic partner' financing (13-1-2023).
API for compliance payments
"KYC and Fiat On Ramp. Whether you are an embedded wallet, seed phrase wallet, or a smart contract wallet, Wyre’s API is extensible to provide kyc aml validation and fiat onramp services for your users."
"Wyre is an early adopter of DAI and the first money transmitter in the USA to power fiat on/offramp for the decentralized stablecoin. Since August 2018, we've added $100MUSD of DAI into the ecosystem"
From the EthHub Weekly #84 (21-10-2019):

"Wyre V2 is a major upgrade for Wyre and includes a brand new simple KYC flow (using Apple Pay and Google Pay), lower fees, more customization options and more."

Team, Funding, Partners

Team

Michael Dunworth

Funding

Got an $5M investment from the Stellar Development Foundation (26-1-2021).

Partners

As of 28-10-2019 on their website:

BRD, Portis, Edge, Coinlist, MetaMask, Maker, Celer, Opennode, Nuo, Compound, CoinPayments, Coinify, Ember Fund, Monarch, Ren, OpenFinance, 0x, ShapeShift, AirSwap, OpenSea, Unchained.

Partners with Mosendo, according to their website (21-4-2020).
Is mentioned by Oasis Network as of its partners (30-12-2020).

@@ Line 1: / Line 1: @@
 == Basics ==
 * Based in San Fransisco
-*Got aquired by Bolt and got [https://www.axios.com/2023/01/03/wyre-shutdown-crypto-winter winded down] (7-1-2023) before [https://twitter.com/sendwyre/status/1613673423032418306 being saved] by a 'strategic partner' financing (13-1-2023).
+*Closed shop. The crypto payments firm is [https://decrypt.co/145218/crypto-payments-firm-wyre-winding-down-due-to-market-conditions ceasing operations] less than a year after it was valued at $1.5 billion in an abortive acquisition by Bolt.
+*Got acquired by Bolt and got [https://www.axios.com/2023/01/03/wyre-shutdown-crypto-winter winded down] (7-1-2023) before [https://twitter.com/sendwyre/status/1613673423032418306 being saved] by a 'strategic partner' financing (13-1-2023).
 * [[API]] for compliance payments
 * ''"[[KYC]] and [[Fiat]] On Ramp. [https://www.sendwyre.com/partner-testimonials/ Whether] you are an embedded [[wallet]], [[seed]] phrase wallet, or a [[smart contract]] wallet, Wyre’s API is extensible to provide kyc [[aml]] validation and fiat onramp services for your users."''