Payment Giant Visa Stopped Service Of Users Cryptocurrency Debit Card From Europe
The largest debit bitcoin-cards issuer has announced that it need to close the service of bitcoin debit-card for non-US residents after Visa ordered to stop the relevant payments.
The order sent on Thursday, January 4, to the payment platform WaveCrest, whose customers were several bitcoins, including BitPay, TenX, Bitwala and Wirex. All of them have already made statements to stop issuing and servicing the cards.
So, the statement of BitPay says that the company stops servicing customers from Europe. It is also noted that WaveCrest has not been able to provide enough time to prepare for such changes.
The BitPay Card is no longer available from our European card issuer Wave Crest Holdings, Ltd. Learn more and see what's next for the international BitPay Card: https://t.co/lI9wFpyPWx NOTE: BitPay Card users in the United States are unaffected by this change. pic.twitter.com/uns1GVcgWJ
— BitPay (@BitPay) January 5, 2018
Thus, according to BitPay, all accounts of cardholders are closed, after which the company starts work on returning money to users. Also, the company will continue to search for new partners that will help it to return the issue of debit cards for non-residents of the United States.
According to the Bitwala statement the company is collecting an emergency meeting.
Following an announcement from our card issuer on behalf of Visa Europe, Bitwala cards are taken out of operation starting today. Our team is holding an emergency meeting to resolve the issue with the card holders best interest in mind and will make an update shortly.
— Bitwala (@bitwala) January 5, 2018
The Wirex team, as far as is known, notified its customers about the incident through a message in the application.
Recall that in October 2017, the company MasterCard announced the suspension of servicing of debit cards outside the European Economic Area (EEA).