{"id":15031,"date":"2018-01-07T00:00:00","date_gmt":"2018-01-06T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2018\/01\/07\/more-cryptocurrency-debit-cards-cancelled-by-issuer-due-to-pressure-by-visa\/"},"modified":"2021-09-18T11:38:33","modified_gmt":"2021-09-18T11:38:33","slug":"cc","status":"publish","type":"post","link":"https:\/\/wp.dash.org\/news\/cc\/","title":{"rendered":"More Cryptocurrency Debit Cards Cancelled by Issuer Due to Pressure by VISA"},"content":{"rendered":"
Several cryptocurrency debit cards have been cancelled due to a policy change by a major issuer.<\/p>\n
Earlier today, TenX announced that its cards had been deactivated immediately due to its issue, WaveCrest Holdings:<\/p>\n
BitPay, which issues a Bitcoin-backed debit card, similarly reported issues, however these would only affect Europe-based customers due to US cards leveraging a different issuer than WaveCrest:<\/p>\n
Dash cards have run into trouble in recent months<\/p>\n
The last few months have been rough for those hoping for a range of Dash debit card options available in all countries. In late August, Dash card mainstay ShakePay announced it was\u00a0cancelling all cards<\/a>\u00a0issued outside of Europe. The following month, several other providers\u00a0followed suit<\/a>, similarly restricting service to exclude all but their European customers. This was also due to cancellations from WaveCrest.<\/p>\n The all-out cancellation by WaveCrest reportedly came from pressure by VISA, according to an email sent by Wirex to its customers:<\/p>\n \u201cYesterday, our partner WaveCrest Holdings, Ltd., which provides our cards, was instructed by VISA to close all of its prepaid cryptocurrency-related and standard prepaid VISA debit card programs.\u201d<\/p><\/blockquote>\n