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RE: New Survey Reveals Staggering Number Of People Are Buying BitCoin On Their Credit Cards

in #bitcoin7 years ago (edited)

Thanks for the valuable post

"As of January 4, 2018, Wave Crest Holdings and the issuer of the Xapo Card Program received instructions from Visa to cancel all its effective programs immediately. As a result, all Xapo software cards have been deactivated. We are already looking for alternative solutions to those cards. But we are not ready to announce anything yet, and the search for two more new cards is still at the forefront of our mission "

Other providers of similar debit cards issued similar statements, reassuring their users that they will seek new ways to provide discount card services to users. The Bitwala team explained that after issuing a declaration from the card issuers on behalf of Visa European, Bitwala cards will be disabled and the Bitwala team is holding an emergency meeting to discuss the problem and seek a solution that is in the interest of cardholders.

Contrary to analysts' expectations, the sudden suspension of the VISA partnership with Wave Crest did not affect the digital sector and the companies investing heavily in it. With the exception of TenX, which operates the digital currency from itself, and only works on the company's debit card project, Visa's termination of the DCR services did not have a significant impact on the bitcoin price. The disappointment caused by Visa and Wave Crest to users and investors in the digital currency market has shown that bitcoin trading does not rely on a single company or a single service provider to maintain a user base or user activity. @zer0hedge