Today all (update: only european) prepaid Visa cards operated with bitcoin were revoked, as the one licensee WaveCrest they all partnered with lost its license. I've seen several reports of people stuck on vacation without cash, or canceled hotels.
A solution will surely be found, and your coins are safe. And luckily there are Mastercard alternatives like advcash still working. In the meantime, cash is the way to go it seems.
Hi all, Wirex community manager here. A quick update on the card situation:
Yesterday,one of our partners who provides the entire Crypto Industry with VISA prepaid debit cards, received direction from VISA to immediately close all accounts.
Unfortunately, we were given little notice by the supplier to prepare for this change.
We’d like to assure you that all your funds are safe and that they will be moved from your blocked VISA cards to your Wirex accounts ASAP. Additional information in regards to the refund procedure will be emailed to all our users within the next few days.
What we are doing about it
We have been working with a new card issuer for the last couple of months and are very close to being able to release our new cards. As part of this changeover, our new card issuer will provide free replacements to all users who already have cards.
You’ll still be able to buy bitcoin using your local bank card and we will be increasing daily limits until we release new cards.
Register for the live webinar for a full update:
https://events.genndi.com/register/169105139238466377/d2675c1372
Thank you for the update. I am having a Bitwala card but it is refreshing to see a company like you coming to Steemit and respond unasked to this issue. I will check out your services asap!
Thanks for the kind response. We feel it is only right to respond to those within the cryptocurrency community as transparently as possible, and can only apologize that we don't have an instant solution for our customers.
We are working around the clock and hope to start issuing the new contactless cards very soon. Keep checking our social, our steemit and our blog: https://wirexapp.com/blog/ for updates.
All the money I earn is for drugs and Gina, that is a girl that works in the street close to mine that charges 50 euros each time. My dealer doesn't accept cards. Gina doesn't accept cards. So I always need to have cash
I am upvoting my comments because they say I earn money if I do so...please upvote it too not because my work is good(it's not) but because I need money for drugs and prostitutes
I guess honesty deserves to be rewarded
How soon can we expect to find cards that will be issued outside of the three regions (USD,GBP,EUR)? I used to use Wirex exclusively in the Caribbean region using USD, but since the change a while ago there is literally no other option for us for debit cards in the region.
i m in the territorie européen in the caribeean, my xapo Card ils deleted to.
We can't give you an exact date for this unfortunately, as it depends on the outcome of our ongoing discussions with new card providers. Updates will be given regularly on our socials and on our blog: https://wirexapp.com/blog/
Good to know ... but there will be a solution soon, not to worry.
Tnx for this post @pharesim, I found quite some interesting links in the comments! (so also thanks to you guys!) have been looking for a decen debit wireless debit card that could hold bitcoins for quite some time now! And found it here. In holland a debit card is accepted everywhere. A credit card almost nowhere!
t.
I haven't opened up a CC. I hope anyone caught up in this finds easy solutions
Thanks for the heads up!
Ive been looking into getting one, but haven't decided which to get. Glad I didn't jump on it too soon!
Please keep us updated!
Upvoted and followed!
Yeah I've really been looking into the idea. It seems like it would be a sure thing with how popular crypto is now, but I guess we're not quite there yet. Oh well, more room to grow!
I saw this coming a mile away as soon as people in the US starting looking for to get their hands on these cards. I know guys that got their Bitcoin visa cards shipped to friends in Europe then had them ship it back to them in the US. Anything that hinders taxes is going to get nailed down as soon as the government hears about it. Additionally, I haven't seen any of these visa crypto cards actually take off. Heck how many different ones are there? TenX is the only one I see potentially working out in the future, though I'm still not confident enough in the future of these cards to go out and get one. Especially after all this recent controversy and regulations.
Thank you for the information. I think everyone looks forward to a solution now.
Does anyone know why the credit cards got revoked? Some new government rule? Thanks.
Thanks @pharesim for Updates about crypto Visa cards which have been revoked.
I have no any problem at all during Holidays, because I have cash which i withdraw from my earnings on Steemit. we enjoyed much there with my Kids.
I also want to thank you for your Contribution in the development and support of Steem Community
Appreciated your Efforts, Stay Blessed
Helpful post,well done!
Does anyone know why they lost their licence?
@pharesim - Was any reason given for the immediate revoking? Seems rather drastic!
Do you know if TenX (PAY) was affected. I don't have their card but I do have their tokens. Thanks.
That's not cool...hope they find a quick solution to that mess. Is this a new year thing? Like someone forgot to renew a license or is this some law coming down on Crypto?
Visa claims there were breaches of the license agreement
They just don't like Crypto, simple as that...
I've been to Wirex Card and Payeer Visa, and they are a gone now, luckily they convert my cash back to bitcoin and put in in mh wallet.
thank u for information friend
ah .. Those out there really have not received what we've accomplished.
They do not accept technological developments.
WaveCrest Holdings Ltd recently supplied prepaid debit cards to the following:
WireX - https://wirexapp.com
TenX - https://www.tenx.tech/
BitPay - https://bitpay.com/
CryptoPay - https://cryptopay.me/
Bitwala - https://www.bitwala.com/
Were you playing on cashing out this weekend? ☹️
I have found a possible solution via Revolut - https://revolut.com/r/reonrmyd
Please share what you know in regard to helping people cash out their Crypto!
Don’t forget to follow and Upvote + resteem!
why this happend @pharesim sir,,, agences attack on it or goverments or some other reasons, and what will solution of this now sir?
this is the black friday for europeans
Visa claims there were breaches of the license agreement
Of course it was a matter of time. Visa will use XRP and their own service, without outsiders. We need some to forget about those plastic shit and make our cryptoprotocol.
This is one type of massacre for crypto holder, but taking to part as a passionate to grow future for it's bringing @pharesim
Thank you for telling us the important event I hope will not have an impact on the digital currency market
no wonder the prices are dropping :)
Thanks for sharing
very nice
please follow me and upvote me all post
Hey, I like your write up, It is very interesting. I am following you, can you follow me @xtophercruzeu thanks
Keep sharing thank you for posting
Following you
Very very good @pharesim
I also have been revoked my card and do not know why
Great news .... Permission, can I share the info from you to my friend from my area ... If you allow then I would make this post on my blog ... please cnfirm @pharesim
thank..
There's the resteem option for that
Ok brother
Nice @pharesim.
Vote posting me,follow me @muyassir
oh my geez! thanks for the info sir @pharesim
there we go
!
Great knowledge keep sharing #pharesim
This sounds like the demonetisation of India last year !
Also shows an opportunity and need to have decentralised alternatives to the card swipes, financial gateways, payment switches etc!
That would be frightening to be in another country and stuck without cash. It is quite unfortunate that this happened and I hope the MasterCard alternative stays safe!
It is always good to keep a little cash on you even with cryptos exploding!!
What is best Mastercard btc alternative?
It is very! Indians had the misfortune of stuck in own country without cash and I was stuck as well .... it’s a terrible thing to happen
That is awful! Adding this on top of Modi taking those notes out of circulation
Oh man! I'd hate to be stranded with no money. But I'd love to be on vacation
Luckily I don't have much on my Bitwala card and I wasn't relying on it, but this is annoying as I planned to use it again soon. I'm looking for alternatives
Thank you for sharing critical message
@pharesim thanks for sharing the very useful information.
thank you for sharing @pharesim very useful as knowledge
Thank you for the heads up!
That would startle to be in another nation and stuck without money.....
It is very appalling this happened and I trust the MasterCard elective remains safe!
It is constantly great to keep a little money on you even with cryptos detonating!!😁😁😁😁😁
I live in Argentina, since October I am suffering from this lack of Btc visa card, with the new resolution of the European Union we are without plastic, for residents this is a complication since changing our cryptocurrencies is very expensive.
thank you very much dear friend @pharesim for this information
I wish you a great day
Well, now it hit europe too :(
Can you maybe also still use advcash outside?
That option do not test never thank you very much for the data I'm going to put on campaign to make the inquiries
Thanks for listing the alternative to this challenge.my mind didn't go to mastercard and advcash alternative before.
Imagine yourself trying to pay and being sure you do have money on your card to find out about this in the middle of something!! This is something shocking in that case, I think cards make us feel safe instead of going around with a bunch of cash, I hope they find a solution to this. Thanks god some cards still work.
thanks for sharing that news with us :)
Nice to see you on blogging @pharesim. Its really a bad news on good time. Thanks for the update. Please keep us updated and stay awesome!
Since last night, various sites report that there are problems with payments with Bitcoin debit cards like Bitwala, TenX, Mobi.
This morning TenX wrote that payments with the TenX card are currently not possible. They refer to discussions with their issuing bank WaveCrest, which is responsible for the European Bitcoin debit cards. In a recent announcement, Julian Hosp, CEO of TenX, stated that Visa WaveCrest has withdrawn its license to activate the cards. However, this problem should not be dramatic; Finally, TenX had been looking for a new issuing bank for some time. All in all, it looks like a problem between Visa and WaveCrest.
BitPay has written a long statement that the BitPay Card can not be used outside the United States. BitPay also attributes the problems to WaveCrest, which has been ordered by Visa to stop all Visa debit accounts.