Author Topic: visa suspends payments through cryptocurrency on its cards  (Read 67 times)

Offline nil

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visa suspends payments through cryptocurrency on its cards
« on: January 06, 2018, 06:53:55 AM »
On January 5 Visa suspended payments and ATM withdrawals using virtual currency funds and the affected cards include Cryptopay, Bitwala and BitPay. It is learned funds will be returned to users  These cards also facilitates making payments using pounds or Euros.



Offline Bob von Crypto Karma

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Re: visa suspends payments through cryptocurrency on its cards
« Reply #1 on: January 06, 2018, 05:13:39 PM »
Yes, I just read about that nil.
I guess it reveals the weakness in crypto investment with the banking industry starting to make it harder for people to get their money out of cryptos and back into cash.

I hope someone out there is coming up with a solution because it needs one.
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Offline nil

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Re: visa suspends payments through cryptocurrency on its cards
« Reply #2 on: January 11, 2018, 04:20:00 AM »
This is really bad for those who are stuck as no one knew visa could take such a step after initially promoting to make payments through virtual currencies. Hope visa understands the pain of people and come with a good solution. Banning is not a solution.