‘It Happened In One Second’: Visa Suddenly Bans Cryptocurrency Cards Leaving One Man Without A Beer
https://twitter.com/IdeasAreMany/status/949242618080321536
How many times have we said it? Cryptocurrencies and anything tied to cryptocurrencies are not yet a reliable means of transacting, precisely because the world isn't ready to embrace this "revolution."
The tweet above references an abrupt decision by Visa to cancel its relationship with WaveCrest, a large cryptocurrency card provider. Effectively, WaveCrest allowed crypto-card companies, such as Bitwala, Cryptopay, Wirex and TenX to le
The bleeding edge can be treacherous. Travel expecting non traditional payment to support your trip? Optimistic at best.
Interesting, but completely expected. It is inevitable that regulated corporate and national cryptocurrencies will replace the private crypto currencies like BitCoin. The first step in this replacement process is to do away with the private cryptos by eliminating their service dependencies, and their extensions. Soon you will see most major credit cards refuse to purchase cryptocurrencies for card holders – soon they will offer their own. It’s happening right now, so no one should be surprised.
I bet this will be forgotten in two months. There are workarounds already – you can’t contain the ecosystem anymore. If Visa persists with bans it will lose.
you’re suggesting Visa is going to “lose” to cryptocurrencies. do you have any idea how absurd that is?
https://www.youtube.com/watch?v=AZD-R6xVk3w
On a serious note – yeah it _sounds_ absurd, but I wouldn’t say it _is_ absurd. The modern world is not a linear place.
But yeah, most think like you as well: https://www.marketwatch.com/story/why-bitcoin-wont-displace-visa-or-mastercard-soon-2017-12-15