Bolt – DIGIT INFO

Wyre Announces Modification of Withdrawal Policy, Pushing Topps to Temporarily Suspend NFT Marketplace Transactions

DIGIT — Sat, 07 Jan 2023 21:30:21 +0000

Following reports that the crypto payments firm Wyre was shutting down operations, CEO Ioannis Giannaros offered a contradicting story, stating that the firm was merely “scaling back.” Wyre has now announced that it is “modifying” its withdrawal policy, citing the crypto industry downturn and the “macroeconomic climate” as factors that have affected the company. On […]

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Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations

DIGIT — Thu, 05 Jan 2023 06:30:13 +0000

According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in September. Wyre CEO Ioannis Giannaros, however, told Axios that the company is “still operating” and is simply “scaling back.” Wyre Cryptocurrency Payments Firm Allegedly Shutting […]

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Payments Firm Bolt Scraps Deal to Acquire Crypto Company Wyre

DIGIT — Sat, 10 Sep 2022 19:30:16 +0000

California-based online payments company Bolt is pulling out of an agreement to buy crypto provider Wyre. The news of the scrapped deal, which was agreed to earlier this year, comes amid plunging valuations in the crypto and fintech sectors. Bolt Gives Up Plan for $1.5 Billion Wyre Acquisition Bolt Financial, a U.S. technology company headquartered […]

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Bolt Acquires Wyre for $1.5 Billion, Firm Aims to ‘Decentralize Commerce’

DIGIT — Fri, 08 Apr 2022 04:30:27 +0000

On Thursday, the payments and checkout and shopper network, Bolt has announced the firm plans to acquire the digital currency provider Wyre in a $1.5 billion deal. Bolt has explained the acquisition is aimed at bolstering cryptocurrency services and “the opportunity of Web3.” Payments and Checkout Firm Bolt Acquires Wyre The e-commerce platform Bolt has […]

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What Is Bolt?

DIGIT — Sun, 24 Dec 2017 14:00:56 +0000

Scaling cryptocurrencies has been a very problematic endeavor for most of 2017. In fact, it has been a problem ever since Bitcoin was created but only became more apparent in recent years. While most people are waiting for the Lightning Network to arrive, there’s another possible solution on the horizon. Bolt allows people to conduct anonymous micropayments. It is a solution well worth looking into, even though it has no official release date yet. Bolt is a Lightning Network Alternative In the world of finance and technology, one should never put all his or her eggs in one basket. This definitely

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