MuchBetter Crypto Card Suspended, Customers Outraged as Withdrawals Bounce Back
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- The award-winning crypto payment app MuchBetter halted all transactions.
- European customers report continuous reversals on bank withdrawals.
- MuchBetter’s card issuer is being investigated for money laundering.
MuchBetter, the electronic payment system, the first in the world to introduce dynamic CVV, suddenly stopped most provided services. The disruption of service enraged many European customers, who are fuming on Twitter after consecutive unsuccessful attempts at cashing out their funds. The all-around service disruption includes:
- All transfers to and from merchants worldwide.
- Top-ups are not available for EEA customers.
- Cards, fobs, and wearables are suspended.
While the issue of cashing out funds usually occurs when requesting a wire transfer, customers from European Union countries confirmed that crypto withdrawals to Bitcoin (BTC), Litecoin (LTC), and XRP (XRP) are...
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