Company Information

Get to know WYER

Founded in 2013, Wyre, Inc. was a financial technology company that built blockchain-based payment infrastructure. Its mission was to lower the barrier to entry for developers and businesses looking to integrate cryptocurrency into their applications. Wyre provided a set of APIs that enabled services such as global crypto-to-fiat exchange, wallet infrastructure, and cross-border payments. The company was a key player in the "crypto-as-a-service" space, powering many popular fintech and crypto applications. Following a collapsed acquisition deal with Bolt and facing challenges in the broader crypto market, Wyre officially announced it was ceasing operations and winding down in June 2023.

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Financial PSP GatewayPRIMARY
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WYER

United Kingdom

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.