Visa Card Payments Failing in UK, Europe, Highlighting Need for Decentralized Options

Visa card payments are not working across the UK and Europe in a sharp contrast to Bitcoin’s 99.99% uptime since the network’s inception.

Visa has said that their card payments are experiencing disruptions across Britain and Europe, the BBC reports today, June 1.

Visa, which handles over 150,000 mln transactions a day, tweeted about the service disruption, noting that they will keep updating as they resolve the situation:

In comparison, the Bitcoin’s (BTC) decentralized network has been functional 99.99 percent of the time since its inception on Jan. 3, 2009.

According to the Payment Systems Regulator, the problem is isolated to solely Visa card payments.

Barclays and the Bank of Ireland have told their customers to withdraw cash using ATMs.

Other banks including NatWest and HSBC tweeted about Visa problem, noting that Mastercard transactions are not affected:

According to the BBC, the supermarket chain Tesco has said that the Visa problem is affecting customers using contactless payment, but not those using chip and pin payment systems. Sainsbury’s has also noted it was seeing problems with Visa card payments.

However, card payment solution Paymentsense tweeted that Visa has “corrected the outage” and the current interruptions are due to a “backlog of transactions:”

 

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