Wed, Jun 24, 2020 11:00 AM by Sumit Bera

The Central Bank Of Brazil Banned The WhatsApp Payment Service

Brasil crypto

The country's Central Bank ordered Visa and MasterCard to immediately stop processing payments related to WhatsApp. In case of refusal, the regulator threatened them with fines and sanctions. According to the official statement, the reason for this was the attempt to maintain an adequate competitive environment.

In a very short time, WhatsApp was expected to support the Libra system, a solution different from current payments. Read more about WhatsApp fiat electronic payments launch in our article.

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