Friday, December 8, 2023

Circle drops ACH payments

By DAC000 , in Regulation , at March 9, 2023 Tags:

according to multiple sources this evening, a move impacting multiple players in the Crypto and NFT spaces. About a one minute read.

Comment: an upstream service provider, Dapper (you might know them from the NBA Top Shots phenomenon) stopped providing ACH services, impacting Circle and other players. ACH, or Automated Clearing House is a US service providing rapid payment services. The onramps continue to tighten for those in The US operating in the crypto space. This is to be expected after the FTX debacle, but there is a danger of tightening regulation too far.