ePayments Announces it Resumes Operations and Stops Supporting Cryptos
Main page News, Fintech, Cryptocurrency
Hot topic
15 September
419 419

Payment system ePayments has just announced it is resuming its operations and that has updated the terms and conditions of the service.

According to the company, from now on, the company's physical customers can only receive payments from companies as well as send funds to their own account. They will be able to accept payments via bank transfer, bank cards and alternative payment methods such as prepaid service cards. At the same time, ePayments has decided to stop accepting cryptos:

"We will no longer offer access to cryptocurrency."

ePayments will also implement digital authentication, including biometric technologies, as well as enhance the monitoring of user accounts.

ePayments will request updated KYC data from its customers in the near future in order to comply with the requirements of the UK's Financial Conduct Authority (FCA).

On February 11, ePayments temporarily ceased its operations after the FCA verified its anti-money laundering systems. Since then, the users of the service have been unable to access their funds as well as any of the features of their accounts.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error