Polispay has announced in their twitter that Polispay app project, which to my understanding means the whole Polispay, will be shut down.

Why is this done is not told in the tweet, maybe due to legal requirements. After all, this is why Pascal has been working so much to meet those legal requirements in advance to make sure we don’t need to read similar news about Telos projects one day, for it has been for a long time already Pascals anticipation that we will be hearing more news like this in the future from other projects too.

Anyway, if you are using Polispay wallet to store your Telos or XBTX, it is time to transfer them somewhere elsewhere. You have until the 15th of February to transfer them out, or you will lose access to these coins for good.

A fair reminder of what I have been telling to people that there is always a risk when keeping your coins on any third-party provider, like Polispay, or crypto exchanges.