RockWallet Acquires User Base of Crypto Checkout Gateway Wyre
RockWallet, a non-custodial wallet platform, has acquired the customer base of crypto checkout gateway Wyre. Following the closure of Wyre in June 2023, RockWallet reached out to users, offering a seamless transition without the need for Know Your Customer (KYC) obligations. Users will receive their login details and instructions to reactivate their accounts. RockWallet’s wallet platform allows users to have control over their cryptocurrencies and supports various digital assets including Bitcoin, Ethereum, and Tether. The acquisition of Wyre’s user base presents an opportunity for RockWallet to provide innovative services and enhance the user experience through increased feedback.
Crypto Market Turmoil Leads to Wyre’s Closure
Established in 2013, Wyre provided payment infrastructure for cryptocurrency applications. However, the company faced financial difficulties in early 2023, leading to restrictions on client withdrawals. Despite securing new funding, Wyre ultimately ceased operations due to volatile market conditions. The failed acquisition by Bolt Financial further contributed to the uncertainty surrounding the company’s future.
Smooth Transition and Improved Features for Former Wyre Users
RockWallet’s co-founder, Steve Bailey, highlighted that former Wyre users will benefit from a self-custodial setup and gain the ability to buy, sell, and swap digital assets effortlessly. Additionally, RockWallet promises exceptional customer service to guide users through their digital asset journey. The acquisition of Wyre’s user base not only fills a gap left by its closure but also presents an opportunity for RockWallet to fuel innovation and enhance user experience based on user feedback.
In Conclusion
RockWallet has acquired the user base of crypto checkout gateway Wyre, providing former users with a seamless transition to its non-custodial wallet platform. The closure of Wyre due to market turmoil created a need for a suitable replacement, which RockWallet aims to fulfill. Former Wyre users can expect improved features, including a self-custodial setup and the ability to buy, sell, and swap digital assets effortlessly. RockWallet sees this acquisition as an opportunity to innovate and enhance the user experience through increased feedback.
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