Brazil’s Central Bank has announced that it has suspended WhatsApp’s peer-to-peer payment system shortly after launch, jeopardizing Facebook’s plans to enter the digital payments world.
Facebook-owned WhatsApp is having money issues. Its long-awaited WhatsApp pay feature, which would allow individuals and businesses to conduct secure transactions through the app, has been blocked by Brazil’s Central Bank. The bank offered no further explanation as to why it had decided to halt the service, other than it would give it time to evaluate any possible risk to the country’s current payment systems.
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