Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country.
Visa and Stripe Halt Support for Bankoff Cards
Payment processors Visa and Stripe have halted services for cards issued by Bankoff, the online banking platform informed clients on Tuesday, May 3. In a notice, a copy of which was posted on social media, the company explained that the suspension was due to the increased number of active users and transactions from Russia.
“It means our cards are no longer supported for any offline and online payments,” the Bankoff team elaborated. The neobank