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Thread: Visa Locks Down Pre-paid Cryptocurrency Cards

  1. #1
    Bestbud is offline Elite Scambuster
    Join Date
    Dec 2014
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    2,641

    Visa Locks Down Pre-paid Cryptocurrency Cards

    "Visa ended its relationship with a large cryptocurrency card provider on Friday, causing thousands of people's transactions to be declined and scrambling to figure out how to access their money."

    https://www.cnbc.com/2018/01/05/some...a-network.html

  2. #2
    nuk_1 is offline Member
    Join Date
    Sep 2017
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    Re: Visa Locks Down Pre-paid Cryptocurrency Cards

    Quote Originally Posted by Bestbud View Post
    "Visa ended its relationship with a large cryptocurrency card provider on Friday, causing thousands of people's transactions to be declined and scrambling to figure out how to access their money."

    https://www.cnbc.com/2018/01/05/some...a-network.html
    That pretty much hits most non-US folks since Bitpay, BitStamp and a few others that offer crypto cards only do so in the USA to US residents. Wavecrest and its partners/resellers had most of the market overseas and I'm pretty sure that some of their partners were selling debit cards and service in jurisdictions that they weren't allowed to under the contract with Visa International and Wavecrest, and Wavecrest knew/allowed it until just before Visa cut Wacrest's network off.

    NUK

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