StreetPay has been suspended by major e-commerce platforms: momo Shopping, PChome, Dongsen Shopping..

The parent company of StreetPay has been sealed off, triggering e-commerce platforms to suspend payment options, putting the trust of 6.81 million users to the test. The Financial Supervisory Commission has stated that it will strengthen regulation. (Background: Will the 6.58 million StreetPay users be affected? Latest statement after the parent company was sealed: 100% of funds will continue to be managed by trust services, but market confidence has been severely damaged.) (Supplementary background: The central bank publicly explains "retail-type CBDC" - a digital New Taiwan Dollar that everyone can use! Anonymous wallets require mobile verification.) The Taiwanese electronic payment sector is facing a shockwave: StreetPay's parent company, Street Financial Technology, which has 6.81 million users, has been sealed off by the court due to a dispute over a 3.6 billion NT dollar equity transaction with Taishan Enterprises. This has led major Taiwanese e-commerce giants to temporarily stop accepting payments, shaking the trust of users in Taiwan, many of whom are hurriedly withdrawing their deposits. E-commerce companies are urgently managing risks. Despite StreetPay emphasizing that operations and funds are independent, large channels still choose to cut off risks. According to reports from United Daily News, national electronics, ETtoday Shopping, PChome 24h Shopping, and momo Shopping Network (editor's note: as of testing, momo is still able to use StreetPay for payments) have successively suspended the StreetPay option at checkout, while Shopee and Books.com are currently taking a wait-and-see approach. In just 24 hours, StreetPay transactions are expected to have shrunk. User confidence is being tested: pressure from bank runs is rising. StreetPay users are expressing concerns about the safety of their balances in forums and communities, leading to a concentrated withdrawal behavior, with the system showing busy status at times. The official repeatedly emphasizes that funds are managed in isolation by trust banks and that services continue to operate normally, but the market questions whether the trust mechanism can completely isolate the risks of the parent company in practice. This "trust pressure test" has also prompted the Financial Supervisory Commission to require electronic payment operators to improve information transparency and provide proof of fund independence. Related reports: What changes will the payment giant Stripe's launch of L1 Blockchain bring? What will the world look like when Visa and MasterCard fully accept stablecoin payments? This article titled "StreetPay is suspended by major e-commerce platforms: momo Shopping, PChome, ETtoday Shopping..." was first published on BlockTempo, the most influential blockchain news media.