Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Tnoy30 on June 24, 2020, 08:21:36 AM
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WhatsApp’s payment features have been suspended in Brazil less than one month after the Facebook-owned app rolled them out.
Brazil’s central bank has ordered Mastercard and Visa to suspend processing money transfers on behalf of Facebook’s WhatsApp.
According to official information shared with Cointelegraph Brazil, the Central Bank of Brazil (BC) took action against WhatsApp Pay “to preserve an adequate competitive environment” and allow the central bank to assess the risks posed by the firm to the country's existing financial sector.
Read on: https://cointelegraph.com/news/whatsapp-payments-suspended-by-brazils-central-bank