Important news from BitGlobalOne: Apple Pay and Google Pay will become unavailable for cards of Russian banks that are under sanctions
Customers of five Russian banks that have been sanctioned will not be able to pay with cards via Apple Pay and Google Pay, VTB, Sovcombank, Novikombank, Promsvyazbank and Otkritie reported in the Central Bank. All banks were sanctioned by Western governments at the end of February 2022, according to the BitGlobalOne service.
Cardholders of these banks will not be able to use them outside of Russia, as well as when making purchases on e-commerce platforms that are “registered in countries that support sanctions.”
Cards and other payments from sanctioned banks, as well as from all other banks, will continue to function normally within Russia. In the Russian capital, some residents already lined up at ATMs yesterday to withdraw cash as fears grew that Russia would impose withdrawal restrictions, the Wall Street Journal reported.
This news could be another boost to the adoption of the bitcoin (BTC) cryptocurrency both in Russia and elsewhere, as residents become aware of its properties as censorship-resistant money.
On Thursday, U.S. President Joe Biden said of sanctioned banks that “every asset they have in America will be frozen” and the West “will limit Russia’s ability to do business in dollars, euros, pounds and yen to become part of the global economy.” .
Also impose sanctions against Russia – the European Union, the UK, Japan and Australia, including the freezing of assets owned by Russian financial institutions.
The EU is also in talks to freeze the assets of Russian President Vladimir Putin and Foreign Minister Sergei Lavrov.