BitPay stops working from today for non us

gentlemand

legendary

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Welt Am Draht

Quote from: TheBTCpost on January 05, 2018, 07:38:36 AM

I’m not sure if this is to delay the process of crypto or regarding money laundering laws/regulations with visa but anyways back to lbc and btc atms for me when it’s cash out... question for any of you above... can I register on coinbase and convert my btc to fiat and deposit that into my current account (uk bank) or will I have my bank closed like Barclays did to me when I was trading on lbc?

I think they'll be less uptight about Coinbase, but it sounds like a convoluted process dicking around with Euros and intermediary accounts to get the best rate.

Lots of discussion about the best options on here - https://www.reddit.com/r/BitcoinUK/

Get a Nationwide account and do one large LBC sale rather than lots of small ones.

It looks like there's new regulation in Gibraltar which Wavecrest may not be complying with so they gave up - http://www.gibraltarfinance.gi/en/news/government-confirms-introduction-of-distributed-ledger-technology-dlt-regulatory-framework-in-january-2018

TheBTCpost

newbie

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Quote from: chuckblocker on January 05, 2018, 06:56:26 AM

Cryptopay cards dead also. Mastercard here we come

Just checked my spam folder

Game over for wirex also as there provider is wave crest

Regarding MasterCard I had trouble with then before via cryptopay

Anyway there are better ways to turn it into fiat but these services have been useful in times where you need emergency cash abroad for example.

I take it right now there are no cards working on the eu or outside. Anyone who does have a working company doing btc or altcoins to cash via card outside the US working let me know

I’m not sure if this is to delay the process of crypto or regarding money laundering laws/regulations with visa but anyways back to lbc and btc atms for me when it’s cash out... question for any of you above... can I register on coinbase and convert my btc to fiat and deposit that into my current account (uk bank) or will I have my bank closed like Barclays did to me when I was trading on lbc?

chuckblocker

member

Activity: 126

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Cryptopay cards dead also. Mastercard here we come

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Xapo will be dead meat too. Same provider as bitpay in the EU. We'll have to wait and see whether they can be bothered to find someone else, or whether someone can be found at all.

I was going to chuck a couple of grand on mine so it's a good job I held off.

TheBTCpost

newbie

Activity: 76

Merit: 0

Quote from: gentlemand on January 05, 2018, 06:41:30 AM

Looks like you're right. Topping up is disabled. I can't say it worked all that well but it would be a huge shame to lose this option. as wavecrest was the only game in town I presume it's toast

Yep 👍 I agree didn’t work all that well (in terms of fees and tx fees) but it did work in almost any cash machine anywhere which was a advantage

Any how sod it... the bitcoin / visa game is over I think as same happens to wirex and cryptopay I think. May give xapo a try

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Looks like you're right. Topping up is disabled. I can't say it worked all that well but it would be a huge shame to lose this option. as wavecrest was the only game in town I presume it's toast

TheBTCpost

newbie

Activity: 76

Merit: 0

Quote from: gentlemand on January 05, 2018, 06:13:51 AM

If the UK is home then you have no issue. Everyone in the EU can carry on using it just fine.

This was there message (yes UK is home but not there at the moment) but the below seems to say otherwise from what your saying

The BitPay Card (non-US) is one of these programs, along with other cryptocurrency-related and standard prepaid Visa® debit cards. Unfortunately, Wave Crest was unable to provide us or cardholders with more time to prepare for this change.

What does this change mean for you?
Your BitPay Card account is now deactivated, and you will not be able to use it for further payments or withdrawals.

We are already in discussions with potential alternative issuers for the BitPay Card which will allow us to serve customers in Europe and beyond. The BitPay Card will continue to be available for users in the United States without interruption, and we expect to be back in your country soon.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

If the UK is home then you have no issue. Everyone in the EU can carry on using it just fine.

TheBTCpost

newbie

Activity: 76

Merit: 0

As per title

Visa have done every thing they can to shut down bitcoin / Visa cards and are succeeding

I loved my BitPay card. Used it in Egypt, Amsterdam, France and uk (home)

Topic: BitPay stops working from today for non us (Read 154 times)