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Bitcoin Debit Cards Suspended After Upstream Visa Rules Infraction

At least 4 pre-paid debit playing cards that settle for cryptocurrencies hastily suspended carrier on Friday. An nameless reader quotes TheNextWeb:
Speaking to their consumers on Twitter, the affected corporations have stated the transfer is the results of movements from their card issuer, [WaveCrest], who was once performing on behalf of Visa Europe… A statement from Visa Europe bought via The Daily Beast reporter Joseph Cox stated the motion was once taken because of WaveCrest’s “non-compliance” with VISA’s club laws… In its remark, Visa makes transparent that this is not a crackdown on cryptocurrencies, however slightly action against one company that broke its rules.
“All funds stored on cards are safe and will be returned to your Cryptopay accounts ASAP,” probably the most affected debit card corporations assured users on Twitter, including “Sorry for all the inconvenience caused…”

According to the item, “Some users on Twitter are reportedly stranded abroad without funds.”

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