Tag: uab payrnet

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Wirex may suffer card outage in EEA due to UAB PayrNet licensing issue

June 23, 2023

Wirex cards may stop working in the European Economic Area, but funds held in the account are safe, the company said. Debit cards offered through crypto payment service Wirex may stop functioning in the European Economic Area (EEA), according to a June 23 email the company sent to some of its customers. The threat of…
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Cryptopay EU card provider loses license, company says card funds are safe

June 22, 2023

The EU Cryptopay cards may stop working soon as the Bank of Lithuania has revoked the EMI license of the app’s provider, UAB PayrNet. The European Union debit card provider for Cryptopay has lost its Electronic Money Institution (EMI) license, according to a June 22 email sent to its customers. The company recommends to EU…
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