Many Crypto Debit Cards are not working today due to a sudden decision by Visa to terminate WaveCrest's Visa membership. The reason was due to WaveCrest not being compliant with Visa membership requirements. WaveCrest was a major provider for many of the issuer's of the new Crypto Debit Cards.
The issuer's are scrambling to find a resolution. This is leaving customers in dire straits if they are counting on these cards without a backup. It's unclear how long it will take to resolve this issue. It is certain that the Crypto Debit Card industry will take a step back due to this.
Since this is nascent technology it is expected that there are going to be issues along the way. This is a very big issue and it will be interesting to see how long it will take the debit card issuer's to resolve this and how it is handled. I believe this is another temporary issue that will be overcome.
Good luck and good fortune!
