RockWallet Acquires Wyre's User Base for Smooth Crypto Transition

RockWallet has officially acquired the entire customer base of Wyre following the closure of the cryptocurrency payment platform in June 2023, reports Finextra. The multicurrency wallet is presently reaching out directly to customers, providing them with Wyre log-in details and instructions on how to reactivate their accounts. Subsequently, users will have the option to transfer these details to the RockWallet platform.

This development follows Wyre's announcement last June about winding down its operations, which occurred shortly after appointing a new CEO. Steve Bailey, co-Founder, president, and COO of RockWallet, acknowledged Wyre's significant contributions to the crypto space, attracting millions of users with its comprehensive product and service offerings. However, the unfortunate wind-down last summer left many users seeking a suitable alternative.

Bailey expressed, "We are honored to have the opportunity to fill that gap and connect with Wyre's former clients to earn their trust as we welcome them to continue their crypto journeys with RockWallet." Gregg Yorkison, managing partner at 88 Partners, who oversaw the wind-down of Wyre, commented on the transaction, stating, "In assigning the customers to RockWallet, we've identified a company aligning with Wyre values and introducing innovative solutions. This transaction signifies a notable progression for Wyre users, and we look forward to having them onboard this user-friendly platform to meet all their digital asset needs."