For now, using virtually any Bitcoin debit card in Europe is impossible!
On January 4th 2018, the Xapo Card issuer Wave Crest Holdings, Ltd. was instructed by Visa® to close all cards of its Visa® programs effective immediately.
On January 5th 2018, Visa suspended nearly all debit card providers. likes of Bitwala, Wirex, TenX, and even CoinsBan.
All of these companies rely on WaveCrest as a card issuer and their partnership with Visa. Whether or not this issue can be rectified in the near future, remains highly unlikely.
There is no indication WaveCrest will be able to reverse this situation in the future. They are following the guidelines of Visa, which is not something to be trifled with.
This is another crackdown against cryptocurrencies, by the look of things.
For now, it remains unclear what triggered this decision exactly. Visa will probably have their reasons for this decision, which is not a good thing by any means.
Let us wait and see what next!
Have a great sunday..
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