The Bankoff service, which made it possible to bypass the blocking of Visa and Mastercard cards issued in Russia, stopped its activities and froze clients’ money. This information was received by Bankoff users in an email stating that the termination of the service was due to the number of active users and transactions from Russia.
Today we received a letter from Visa and Stripe stating that Bankoff cards service has been stopped due to a large number of active users and transactions from Russia. This means that our cards are no longer supported for any offline and online payments. We are currently trying to access funds that have been frozen in our US account, please be aware that we are doing our best to resolve this issue.
The Bankoff service made it possible to create a virtual payment card and replenish it through messenger bots. It was impossible to replenish the account through Russian banks, but it was possible to replenish the card using the Tether cryptocurrency.
I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.