‘It Happened In One Second’: Visa Suddenly Bans Cryptocurrency Cards Leaving One Man Without A Beer

‘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
Subscribe or log in to read the rest of this content.

7 thoughts on “‘It Happened In One Second’: Visa Suddenly Bans Cryptocurrency Cards Leaving One Man Without A Beer

  1. 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.

  2. 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.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.