there are many people complaining about this situation, I am from a country that was on the list of countries that did not receive a card from them so this situation does not make me sad. Now why visa is doing this... they have profits, so it should not be for lack of profits that they are doing this, Visa is a company that is headquartered in the United States of America and yesterday I read this news " NASAA Warns Investors About Crypto And ICOs, SEC Approves " probably Visa aims to keep away from bitcoin until governments employ clear regulations about Crypto
Topic: Wave Crest (issuer of prepaid bitcoin cards) was shut down today - page 2. (Read 238 times)
January 05, 2018, 04:23:10 PM
January 05, 2018, 03:56:15 PM
Prepaid bitcoin card holders (issued by WaveCrest, a Gibraltar company) had received a letter today with a short notice that VISA had shut down the bitcoin related prepaid cards. This means that a lot of bitcoin card providers (included XAPO, etc...) are without a card issuer now. Some hours later XAPO also wrote a letter to all XAPO debit card holders that the debit cards are cancelled by VISA, without prior notice. They promised that they will look for a replacement solution to issue cards for them and were asking for a little patience from the XAPO wallet holders. I saw on reddit that people are blaming VISA for the situation, it's like the company is trying to close the connections between bitcoin and fiat, in order to preserve it's position on the market. We will need LN and compatible mobile wallets really soon.
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