Exchanges· ★★★· neutral·

Google Cloud outage in London paralyses Revolut and other banks

  • —Outage began at 06:08 UTC and hit 31 Google Cloud services
  • —Revolut: card payments, ATM withdrawals and app unavailable
  • —Over 1,500 Revolut complaints on Downdetector after 09:00 Paris time
  • —Lloyds, HSBC, NatWest, Barclays and Monzo also reported issues
Why it matters: The incident highlights how crypto and fintech services depend on centralized cloud providers: during the outage Revolut users could not sell or withdraw assets.
Source: Journal du Coin