ZipZap Hits Pause On Bitcoin Purchases

bitcoin
What's Next In Payments®
3:04 AM EDT March 26th, 2014

UK cash-to-bitcoin transfers through ZipZap have been put on pause.

“They (PayPoint, the company that processes ZipZap’s payments) only asked that we halt processing digital currency transactions until they have better legal clarification from government on Bitcoin, which we hope to have within weeks,” explained CEO Alan Safahi on Reddit.

MPD CEO Karen Webster has more on the overall global bitcoin controversy here.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source. 

Topics:
Comments
Also by This Author
What's Hot
Merchant Innovation
Nintendo Brings Contactless Payments To Japan
Mobile Commerce
How Many Mobile Users Actually Shop Online?
B2B Payments
Wealth Management Firm Jumps On The NetSuite Train
Company Spotlight
MasterCard Partners With SHAZAM To Introduce EMV Debit
View All Articles ››
You May Also Like
Mobile Commerce
How Many Mobile Users Actually Shop Online?
Company Spotlight
MasterCard Partners With SHAZAM To Introduce EMV Debit
Mobile Commerce
Target Fights Amazon’s Fire With Fire
Merchant Innovation
StartUp Lands $25M To Compete With OpenTable
View All Articles ››