Topic: This is what've happened in the Bitcoin debit card industry (Read 2691 times)

What about Mastercard cards issued by WaveCrest?

Hello my friend

I live in Colombia and im worried about this situation. I already sang up with your referral link but i dont know if the debit card will work here. Do you know something about it?
Thank you for the reply!

Yep, it's issued by another card issuer, and due to some contracts I can't disclose them. (Sorry!)
For the supporting ether part, not yet, but this feature is coming soon (could be as fast as the end of this month

how is the "golden card" available, is it another card issuer ? who is it ?

does it accept ethereum ?

im really interested because there is no more options for my country

Hi all,
this is Weiting from WageCan, Bitcoin debit card company based in Taiwan.

I guess some of the users are notified by their debit card providers that they no longer can provide service for those users live outside of certain countries and don't get a clear explanation. I don't know whether I'm authorized to say those things, but I think, as companies, they should let their users know the whole story.

Let me explain how did this thing happen:
Company V, which owns company W (the most widely used card issuer), was acquired by another company two years ago.
And the new boss of company W recently decides to limit the card issuing business only to the residents of the European territory.
Furthermore, the Bitcoin debit card companies work with company W need to notify users who don't live in those countries that they need to spend all their balance in 30 days, after which the cards will be suspended. (In another word, you can 't use your card after 30 days)

That's what had happened as far as I know.
If your Bitcoin debit card company says that "we're negotiating with our card issuer(company W) to extend contract blablabla", personally, I think that's a losing battle.

For those want to use Bitcoin debit card outside of Europe, the only option is to choose the cards not issued by company W.
And WageCan has a card named Golden card, is not issued by company W.
If you're interested, feel free to use my referral code https://wagecan.com/s/7NNcu6J6 to get 20% off.

Here is our pricing table https://wagecan.com/pricing
Those are the rating we got from our users https://www.trustpilot.com/review/wagecan.com, https://www.cryptocompare.com/wallets/wagecan-wallet/

Feel free to ask me anything.

EDIT:
I have to modify the content because of some agreements between company W and our company, sorry

weiting@Wagecan is it a visa card?

EU residents might be safe and unaffected by the merger and acquisition of Wave Crest by Visa International but they will be affected by the contract dissolution. As a result of the merger, Visa International decided to no longer offer the cards to users residing outside Europe.

As you may have noticed, the bitcoin card providers are actively looking for new banking partners. This signals that they will no longer support the Wave Crest brand of cards and as such even EU residents subscribing to services of Xapo, Cryptopay, Wirex, Uquid, Bitpay etc will also no longer be able to use those cards beyond October. As an EU resident, what use is it to have a card which you can't load with funds if these bitcoin card providers no longer offer and support those cards?

So we are all in this together, EU and non-EU residents.

@weiting@Wagecan,
I'm about to order it and then I find this out:

" *Name printing is not available on Golden Card."

Can you clarify this???
I've never seen a card without a name printed out and How can I use it online? Without a name printed out it's impossible to use it online???

Please let us know what is this.

Important too: What is the flag for this card? v1s4? M4st3r?

Like I said, I'll be fine but the only mention I can find of these restrictions is on the Xapo website. Not on Twitter or via email. That's pretty bad form. A lot of people won't visit these sites for months.

Almost all cards are Wave Crest issued.

I don't think you will get any problem with those cards if xapo will keep using wave crest as their card issuers. And as you are from Europe you might not have to worry about getting your fund blocked because most of the country in European territory is still supported.

Where we can find all card vendors who are currently issuing card from wave crest holding?

Payeer, cryptopay, xapo, uquid and don't know how many other have mychoice as their official card issuer.

I have two cards which are both Wave Crest issued, Bitpay and Xapo, yet haven't heard from either of them. I am in Europe, but I assume they're not going to bother filtering the emails so no one's been told directly. There's also no mention on Twitter.

I wonder how many people will be caught out by this. It's poor form.

So sad only passports are accepted for the golden card? My hope has been killed in 1 shot Why I am so unlucky with those cards?
70$ for the passport +160$ for the card is too much for me