Visa and Worldpay payment processing company issued joint statement on Coinbase blog today on the 17th of February. For the same transaction

Before admitting a fault in the statement issued today by Coinbase, Visa had initially blamed Coinbase, telling the Financial Times on Feb. 16 that it was not

However, the latest statement from Visa and Worldpay on the blog Coinbase states:

"Over During the last two days, some customers who have used a credit or debit card at Coinbase may have seen duplicate transactions on their cardholder account. This problem was not caused by Coinbase

Coinbase declared the error triggered by a change in the merchant category code (MCC) for cryptographic purchases at the beginning of the month, which means that card-based cryptographic payments would be processed as "cash advances". Coinbase reported on Feb. 15 that the surcharges were the result of Visa's reversal and reload transactions due to the MCC code change.

Visa and Worldpay write that all cancellation transactions should have been issued and reflected in client account balances within a few days. Their statement concludes:

"If you continue to have problems with your credit or debit card account after this turnaround period, including card fees, we encourage you to contact your issuing bank … We deeply regret any inconvenience this may have caused customers. "

Brian Armstrong, CEO and co-founder of Coinbase, tweeted that it was " happy to see the record set on this " by enclosing the joint declaration of Visa and Worldpay:

Joint declaration of Visa and Worldpay for Coinbase customers: //t.co / Coincidence (@coinbase) February 17, 2018

Credit card and debit card issues on Coinbase occur after a large number of major banks around the world have inter Encrypted card purchases and, in some cases, debit card purchases.