PayPal has joined a host of companies who have suspended operations in Russia.
The move comes after Visa, Mastercard, and American Express stopped processing transactions for Russian financial organisations in the past week.
The payments giant told Reuters it would continue to process customer withdraws “for period of time” and it would ensure that “account balances are dispersed in line with applicable laws and regulations.”
In addition, last week also saw interbank association SWIFT ban several Russian financial institutions.
"PayPal supports the Ukrainian people and stands with the international community in condemning Russia's violent military aggression in Ukraine," said a letter from chief executive at PayPal Dan Schulman posted by Mykhailo Fedorov, vice prime minister of Ukraine and minister of digital transformation of Ukraine
“Every cultural sphere that isn’t the US or China will build national stacks for social media, shopping, and the like as part of its digital defense strategy,” said former chief technology officer of Coinbase and general partner at Andreessen Horowitz. “But they won’t have the scale to be globally competitive on their own.”
He added: “They’ll need to hook into BTC/web3 for that.”
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
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The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
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