The payment service VISA Europe stopped providing services for holders of WaveCrest cards that allow payments in bitcoins.
Leading debit card providers, such as Bitwala, Cryptopay, Wirex and TenX that process cryptocurrency operations at sale points, immediately refused to provide these services.
VISA commented on this situation and said that the reason for such measures was that the company WaveCrest had broken the rules of the payment service. The company also assured that it was not an action against cryptocurrencies.
“The changes happened so suddenly that we simply had no time to inform our clients. This decision shows that VISA, as well as agents of other traditional financial corporations are not willing to provide their services for the growing crypto-economy. This makes us continue to work on the creation of the first cryptocurrency bank” — reports WaveCrest.