Nigerian Crypto Community Outraged as Bank Threatens to Close Accounts

2018-11-30 20:36

The Union Bank of Nigeria sent out an email to its customers, warning them cryptocurrency activity will be monitored and that the bank might close accounts linked to such transactions.

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Outrage Over Union Bank of Nigeria’s Threat to Close Crypto-Related Accounts

Nigerian digital asset owners have reacted angrily to Union Bank’s threat to close all cryptocurrency-linked accounts. Investors have accused the local banking system of hypocrisy, asserting that banks are “unfit” and “scammers” that continue to steal from the poor through spurious charges such as ATM maintenance fees and SMS alerts.

2018-11-29 23:10


Mastercard Secures Patent To Close The Gap Between Credit Card Payments And Crypto

On Tuesday, it was announced that Mastercard had just secured a patent that will allow for the financial services firm to link crypto assets and fiat bank accounts. Mastercard Wins Crypto-Related Patent CNBC recently reported that Mastercard now has a patent that will protect its proprietary method of building a bridge between “blockchain-based assets and […] The post Mastercard Secures Patent To Close The Gap Between Credit Card Payments And Crypto appeared first on Ethereum World News.

2018-7-19 02:36