Visa Bans Crypto-backed cards

in #cryptocurrency7 years ago

The cryptocurrency card provider, WaveCrest, has confirmed that Visa required them to close all cards. Some 500,000 debit cards that were issued no longer work. The money on the cards is still there and can be reimbursed. Similar companies, including TenX and Bitwala are having the same issue.

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Very bad news for cryptocurrency holders. Is the government behind this action?

I don't believe so. Visa themselves only commented on one take down.

an0n!! Thank you, your Post. i upvoted.^^

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