Later on, I discovered many other prepaid card providers whose card issuer was Wave Crest Holdings, Ltd. suspended their service to their Visa® cardholders.
That is the majority of all Crypto cards. Only few crypto card projects have some other partner.
Now, the only question is, is it really just an action against one company (Wave Crest Holdings, Ltd.) and its reportedly “non-compliance” with VISA’s membership regulations as Visa Europe explained to TNW or a test drive of the crackdown on cryptocurrencies!?
I think the first point is true. Just need to wait for some time before they'll find another partner
Agree with you that we have just to wait and see. They are all (Bitwala, Cryptopay, Wirex, TenX, Xapo, and others) claiming that they are working hard to find some alternative card solutions.
However, Bitcoin jumped up yesterday! 😉
I hope that they do not say it just because they have to calm down and hold clients. They have to work hard now. The competition between them begins)
I hope so too! Although I think even now there is a way to work around it. Maybe not so smooth way as it was with those debit cards, but still a way.
As well, I am a bit curious to see what kind of solution they would come up with and who is going to be first among them with it.