Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country.
A French bank opens digital asset investments for clients with others looking to follow
Circle CEO Jeremy Allaire is hoping the firm's positive relationship with regulators will help its banking license application when it is finally filed.
Have SWIFT, PayPal, Mastercard and Visa finally exposed the vulnerabilities of centralised finance? Crypto may soon be the only transaction method left in Russia.
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