Several pre-paid crypto debit card providers, including Bitwala, Cryptopay, Wirex, and TenX sharply suspended their services. The mentioned companies allowed users to pay with cryptocurrencies, mostly bitcoins, in traditional establishments through a debit card issued by one of the major providers, Visa or MasterCard.
Following an announcement from our card issuer on behalf of Visa Europe, Bitwala cards are taken out of operation starting today. Our team is holding an emergency meeting to resolve the issue with the card holders best interest in mind and will make an update shortly.
— Bitwala (@bitwala) 5 января 2018 г.
Unfortunately, our card issuer instructed us to cease all Cryptopay prepaid cards starting January 5th, 2018. All funds stored on cards are safe and will be returned to your Cryptopay accounts ASAP. Sorry for all the inconvenience caused, we’re working on the solution!
— Cryptopay (@cryptopay) 5 января 2018 г.
The representatives of the companies commented on Twitter, that the move is imposed by the actions of the card issuer, Visa Europe.
Singapore-based TenX also notified users about the problems their card issuer Gibraltar-based WaveCrest.
#TenX advisory: Following an urgent communication from our card issuer WaveCrest, payments on the TenX card will be unavailable. We are working on a solution and will let you know further details as soon as we have them. We apologise for the inconvenience.
— TenX (@tenxwallet) 5 января 2018 г.