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Wirex may suffer card outage in EEA due to UAB PayrNet licensing issue

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Debit cards offered through crypto payment service Wirex may stop functioning in the European Economic Area (EEA), according to a June 23 email the company sent to some of its customers. The threat of stoppage was triggered by Lithuania’s central bank revoking the license of UAB PayrNet, Wirex’s card provider.

This news comes after Wirex’s competitor, Cryptopay, also announced that its cards may stop working in the region due to the same issue.

June 22 email sent to Wirex customers. Source: Wirex

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