Visa Card Payments Failing in UK, Europe, Highlighting Need for Decentralized Options

Visa has said that their card installments are encountering disruptions all over Britain and Europe, the BBC reports today, June

Visa, which handles more than 150 mln transactions a day, tweeted about the service disturbance, noting that they will continue updating as they resolve the issue:

We are at present encountering a service breach which is keeping some Visa transactions in Europe from being processed. We are examining the reason and working on it as fast as possible to take care of the situation. We will keep you updated.

— Visa UK (@VisaUK) June 1, 2018

In comparison, the Bitcoin's (BTC) decentralized network has been functional 99.99 percent of the time since its creation on Jan. 3, 2009.

As indicated by the Payment Systems Regulator, the issue is detached to exclusively Visa card payments.

Barclays and the Bank of Ireland have advised their clients to withdraw money utilizing ATMs.

We know a few clients are encountering Visa plastic issues. This is affecting numerous banks all over Europe. We will update when we know more. Money withdrawals can be made at any BOI ATM.
----Bank of Ireland, June 1st, 2018

Banks like HSBC and NatWest tweeted about Visa issue, noting that Mastercard transactions are not affected:

The store chain Tesco has said that the Visa issue is affecting clients utilizing contactless payment as indicated by the BBC, however not those utilizing chip and stick payment systems. Sainsbury's has likewise noted it was seeing issues with Visa card payments.

In any case, card payments solution Paymentsense tweeted that Visa has "corrected the blackout" and the present interferences are due to "backlogs of transactions:"

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