
The Brazilian central bank has suspended payments on WhatsApp with immediate effect, ordering payment companies Visa and Mastercard to freeze payments and transfers through the network.
In an announcement, Banco Central do Brasil (BCB) said the system was not analyzed by monetary authorities in advance, and posed risks to the wider payment system in Brazil, including in areas of privacy, competition and efficiency.
Continue read: https://coingeek.com/brazil-central-bank-freezes-whatsapp-payments/