Against the backdrop of the invasion of Ukraine, the largest payment systems stop serving Russian residents.
PayPal Holdings Inc announced a suspension of operations in the Russian Federation. This decision was made against the backdrop of the Russian invasion of Ukraine. The President of PayPal said:
In the current circumstances, we are suspending PayPal's operations in Russia.
The London-based fintech startup Revolut made a similar decision. Starting from March 4, the company does not carry out transfers in Russia and Belarus and does not support replenishment from cards issued by banks in these countries.
Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Interest in cryptocurrencies on the part of Visa and Mastercard: what prospects does this open?
Recently, the largest payment systems Visa, Mastercard and PayPal have significantly changed their views on cryptocurrencies. If earlier they were wary of them, now they have become more supportive. What does this mean and what does such actions mean for investors?
Coinbase will add free fiat funds transfer to PayPal account
After launching its over-the-counter trading platform for institutional clients, the Coinbase exchange quietly decided to add a service for withdrawing users' fiat funds to their PayPal accounts. This feature is provided to users free of charge.
