Crypto giant Coinbase has suspended support for UPI payments instrument on its app in India, making its eponymous exchange non-functional again for any purchase orders less than four days after launching the trading service in the world’s second largest internet market.
Users in India attempting to purchase any token listed on Coinbase app are being informed that the UPI payment method is “currently unavailable.” The app urges users to try another payments method, but currently it doesn’t support any other method for purchases in the country, according to users, tests, and company’s own support page. (It continues to support Immediate Payment Service for selling tokens.)
The move follows a strange statement from the National Payments Corporation of India, the governing body that oversees UPI in the country, which said hours after Coinbase’s …
