Windows Close, Wells Fargo Eliminates Access To Zelle To Customers With Accounts Based In Venezuela.

in hive-175254 •  4 years ago 

Hello friends!

Two weeks ago, he wrote a publication outlining AT & T's decision to close Directv operations in Venezuela, leaving thousands of users without access to the service; Today, although in a different area than the previous one and under different conditions, another multinational announces the closure of a service that benefits thousands of compatriots.

image.png

Source

The US financial services company Wells Fargo announced this Thursday, through emails sent to its clients in the country, that it will eliminate access to Zelle to its users domiciled in Venezuela.

What we know so far.

"As of June 26, @WellsFargo eliminates access to Zelle to clients with registered addresses in Venezuela," journalist Arnaldo Espinoza wrote on his Twitter account.

"Thousands of people with accounts domiciled in Venezuela are receiving this email," added Espinoza.

In the email mentioned, the US company specifies that the settlement is based on article 28b) of the Wells Fargo Online Service contract and section 6.B of the Zelle service contract, where the conditions of service are specified.


image.png

Source

Although some assure that the measure is due to the misuse that is being given to this service, that the accounts are intended to facilitate, send and receive money between acquaintances, particularly for sending remittances and not to make payments to businesses.

However, the company has not disclosed the reasons for its decision in an official statement, all we know so far is that the measure will take effect on June 26, according to what is read in the email received by the clients of this company. .

Although they are apparently isolated events, the reality is that another window is closed for the Venezuelan, more barriers are raised that make our independence more difficult.


We are Project HOPE a community that brings hope!


Visit our website


image.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

This measure took me by surprise, and the worrying thing about this is that it may be a symptom that is repeated in other banks and payment processors. However, it is one more window that opens in our country, a window that shows us that tokenization is something feasible to manage in order to cope with this situation.

However, it is one more window that opens in our country, a window that shows us that tokenization is something feasible to manage in order to cope with this situation.

Hello friend, you may be right about this, but one of the things that worries me is the control against crypto assets, we do not know what this can bring.

I just think!

How sad, another piece of bad news for us Venezuelans, since obviously many will use these means to receive and send money is logical, in view of the very obvious need in the country.

Correct, another bad news, although I do not use it, I know that many use it to pay for their purchases, online, they send and receive money. Many affected people, surely.

For me it is very important that this happens, because I see a huge opportunity to create an alternative solution, a service created in Venezuela that allows you to do the same as Zelle, and that is Venezuelan labor.It seems to me that this is a very important opportunity for growth, surely investors or entrepreneurs will soon appear and implement an idea like the one I propose

It seems to me that this is a very important opportunity for growth, surely investors or entrepreneurs will soon appear and implement an idea like the one I propose

Good, hopefully this is for the good as you mention, however, I see many lines being lost, many options falling apart.

@tipu curate

Upvoted 👌 (Mana: 6/9 - need recharge?)

This is a sad condition for venezuelians, just after the people are still fighting for the t.v station another one comes up. I was going to ask about the update about the t.v station?

I was going to ask about the update about the t.v station?

That is still not resolved, there have been arrests, Supreme Court sentences and all that but there are no answers.