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CoinPayments Pulls Out of the US, Creating Chaos for Users

“In light of a constantly changing market in the United States of America, CoinPayments Inc. and UAB Star Ventures are at this time discontinuing services to and access to our platform by U.S. users.”

This news has broken in fits and starts over the last few days.  We’ve been discussing the news over in a LowEndTalk thread.

First, CoinPayments began denying specific states like NY and then they decided to block the entire country.  Presumably the “constantly changing market” is a regulatory one, though it is interesting to speculate.

What do you think is the real story here?  Are you affected?  Please comment below or in the LET thread and let us know!

 

1 Comment

  1. Quite shocking in my opinion! A lot of businesses who once utilized CoinPayments for processing will now have to find a new solution, that accepts the coins they once did, and on top of that one that integrates with their current platform and or utilize multiple methods.

    CoinPayments doing this with little to no notice is another topic.

    July 7, 2022 @ 5:57 pm | Reply

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