Posted on 10/02/2022 8:32:47 PM PDT by BenLurkin
Coinbase users were unable to carry out US bank account transactions for around six hours on Sunday. An issue with the Automated Clearing House Network, which is used for electronic transfers between bank accounts in the country, emerged just before 7AM ET. The company said on its status page that it identified the problem, described as a "major outage," by 8:23AM and resolved it by 12:41PM.
During the outage, users were still able to buy cryptocurrency with a debit card or PayPal account, as Decrypt noted. However, they weren't able to make withdrawals to a US bank account.
Coinbase is the largest cryptocurrency exchange in the US. It's in seventh place worldwide in terms of trading volume,
(Excerpt) Read more at engadget.com ...
I remember having to wait until Monday morning to go into a bank and make a transaction. If you didn’t take out enough money on Friday, you were broke all weekend.
“users were still able to buy cryptocurrency with a debit card or PayPal account, as Decrypt noted. However, they weren’t able to make withdrawals to a US bank account.”
roach hotel for crypto punters: your money checks in, but can’t check out ...
not to mention they closed at noon on Wednesdays
Botched install by NSA contractor no doubt.
D’oh!
Cash a check at the Liquor Doctor.
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