Visa refused service card with support for bitcoin

The reason is called failure to observe the rules of membership in the Visa and it is not a struggle with cryptocurrencies

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American multinational company Visa, which provides services for conducting payment operations, closed debit cards with support of bitcoin. It is reported Тehnot.

Several providers debit card support Bitcoin suddenly refused service, in particular Bitwala, Cryptopay, Wirex and TenX. These providers are allowed to use bitcoins in regular shops.

The incident occurred due to actions by the payment service Visa Europe.

The issuing Bank Bitcoin card WaveCrest received from the processing company Visa available immediately close all of its issued debit cards.

Users have reported that they received letters from the WaveCrest and other companies on the closure of the accounts, although the funds remained untouched. While at Visa Europe said that the cause was the failure WaveCrest rules of membership in the VISA, however, this is not a fight against cryptocurrencies.

In WaveCrest believe otherwise: “the Changes happened so suddenly that we did not have time to notify our customers. This decision indicates that Visa, as well as by representatives of other traditional financial companies are not willing to serve the growing crypto economy”.