Coinbase halts UPI payments for crypto within three days of India launch

Within days of announcing its launch in India with much fanfare, Coinbase has halted payments via united payments interface (UPI) on its app. 

The company, however, declined to comment on the matter. 

Last week, the National Payments Council of India (NPCI) said it was not aware of any crypto exchanges using the UPI after Coinbase revealed it to be the payment mechanism on its platform.

“As we enter the Indian market, we are actively experimenting with a number of payment methods and partners to enable our customers to seamlessly make their crypto purchases. One of these methods is UPI, a simple to use