Title: Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services
Post by: Bitcoin on Dec 03, 2024, 04:01 am
Post by: Bitcoin on Dec 03, 2024, 04:01 am
Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services
Nigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating exchange rates, chargeback fraud, and insufficient funds. While some fintechs blame provider issues, others cite high costs and limited revenue […]
Source: Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services (https://news.bitcoin.com/nigerian-crypto-exchange-bitmama-halts-virtual-mastercard-services/)
Nigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating exchange rates, chargeback fraud, and insufficient funds. While some fintechs blame provider issues, others cite high costs and limited revenue […]Source: Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services (https://news.bitcoin.com/nigerian-crypto-exchange-bitmama-halts-virtual-mastercard-services/)