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Topic: Multiple Bitcoin debit card providers suspend service under orders of Visa - page 2. (Read 267 times)

sr. member
Activity: 328
Merit: 252
Visa did _nothing_ to "crypto prepaid cards"

they simply withdrew membership of WaveCrest, who abused the rules and was not compiant with the membership program.

This has very little to do with Crypto.

http://www.telegraph.co.uk/technology/2018/01/05/visa-locks-bitcoin-payment-cards-crackdown-card-issuer/


Quote
Visa said the cards had been suspended after Visa terminated WaveCrest's membership due to "continued non-compliance with our operating rules", although it said other Visa cards that convert Bitcoin into normal currency would not be affected.
full member
Activity: 322
Merit: 179
This is really bad, Visa actually stop all the debit cards just because of one provider broke the rules. It is a harsh punishment and I personally feel it is against crypto.
copper member
Activity: 2828
Merit: 4065
Top Crypto Casino
Weird that Visa decides this only after 6 months when Visa started to allow only European citizens, it would be better to stop everything directly. Some websites will close the shop and most other will struggle

OP, do you know the reason given by Visa, or have any link about this?
full member
Activity: 401
Merit: 108
ohh noooo  this is really bad news!!  Bitwala, Cryptopay, Wirex, and TenX  are really big players in btc card business.  Cry Cry
staff
Activity: 3500
Merit: 6152
I stopped using Wirexapp for some time now due to their high fees so the way I see it is that these cards were defeating the whole purpose from using bitcoin anyways (high fees, asking for personal info etc.). I hope more debit card providers will follow, as with LN coming, I see no use for them.
hero member
Activity: 742
Merit: 501
The Bitcoin community is reeling after several pre-paid crypto debit card providers abruptly suspended service. The companies affected include Bitwala, Cryptopay, Wirex, and TenX.
These services allow individuals to spend cryptocurrencies — predominantly Bitcoin — in traditional brick-and-mortar establishments through a debit card issued by one of the major providers, Visa and MasterCard.

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