Banks Fighting Back! Visa Locks Down All Bitcoin Visa Cards In Europe Today

Pocket

Visa locks down Bitcoin payment cards in crackdown on card issuer

Thousands of Bitcoin users have had their pre-paid cryptocurrency cards shut down in a crackdown by Visa on a card provider.
Several major pre-paid cards that allow users to make  payments and ATM withdrawals using their Bitcoin and cryptocurrency funds were suspended as of January 5.
Cards including BitPay, Cryptopay and Bitwala all announced they had suspended their cards and were working to return funds to users. All the cards make payments using regular currencies such as pounds or Euros, but allow users to fund the payments from Bitcoin or Ethereumwallets.
“Following an announcement from our card issuer on behalf of Visa Europe, Bitwala cards are taken out of operation starting today,” Bitwala said on Twitter.

Your BitPay Card account closure (and what’s next)

Bitcoin Jumps, Ethereum Hits A High, Visa Suspends Crypto Debit Cards

h/t TrInItY

GET MORE STUFF LIKE THIS IN YOUR INBOX!

If everyone who reads our story, who likes it, helps fund it, our future would be much more secure. For as little as $1, you can support the IWB – and it only takes a minute. Thank you. 839 views