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TNW uses cookies to personalize content and ads to make our site easier for you to use. The Bitcoin community is reeling after several pre-paid crypto debit card providers abruptly suspended service.

These services allow individuals to spend cryptocurrencies — predominantly Bitcoin — in traditional brick-and-mortar establishments through a debit card issued by one of the major providers, Visa and MasterCard. Following an announcement from our card issuer on behalf of Visa Europe, Bitwala cards are taken out of operation starting today. Our debit card to bitcoin is holding an emergency meeting to resolve the issue with the card holders best interest in mind and will make an update shortly.

Unfortunately, our card issuer instructed us to cease all Cryptopay prepaid cards starting January 5th, Speaking to their customers on Twitterthe affected companies have said the move debit card to bitcoin the result of actions from their card issuer, who was acting on behalf of Visa Europe. It certainly appears that debit card to bitcoin though. 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 debit card to bitcoin them. We apologise for the inconvenience. Users of other bitcoin debit card services have reported receiving emails from Debit card to bitcoin informing them that they had to close all WaveCrest debit cards with immediate effect. Visa have today instructed us that we must close all WaveCrest issued Visa Prepaid Cards with immediate effect.

Our calls were not answered, and the answer phone said that the office was closed. This move debit card to bitcoin upended a thriving industry, with several major players.

It has also had dire consequences for users, many of whom rely on these services for their day-to-day spending. Some users on Twitter are reportedly stranded abroad without funds. Even for European customers? Mine stopped working, and I need the money, as I am on vacation and my hotel just canceled my booking because of that.

What is the problem? Where is the original announcement? I'm having a similar inconvenience today, but i have multiple layers of redundancy — btc backed card, ordinary bank card, and cash in 2 currencies. Complete pain in any case. If we hear back from them, we will update this post. Visa has other approved card programmes that use fiat funds converted from cryptocurrency in a number of jurisdictions.

We asked about the circumstances that caused Visa to take action against WaveCrest. A Bitwala representative got in touch. The change came very suddenly which gave us no time to properly notify our customers.

Right now assuring them is our first priority. The decision also symbolises that Visa, and by proxy other traditional finance corporations, is not willing to service the growing crypto economy. This in turn motivates us to proceed further with our vision of building a crypto first bank which provides a bitcoin debit card to bitcoin card with uninterrupted service.

Published January 5, — January 5, — TNW just received comment debit card to bitcoin Visa Europe, who said: Matthew Hughes January 5, —

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Use your card anywhere major cards are accepted. Cryptopay prepaid card works online, offline and internationally, making it simple for customers to use at millions of businesses around the world. We always have cards in stock, so yours can be shipped the day after you place your order. The fastest option to receive the card is through DHL Express service.

Using Cryptopay card is by far the easiest and fastest way to cash-out your bitcoins. Convert your bitcoins whenever you need them, easily through Cryptopay mobile or web app. When you receive your prepaid card you will receive instructions on how to activate your card.

Please read them carefully. All your prepaid card transactions are displayed in your Cryptopay account. Prepaid Card features Discover endless possibilities with Cryptopay. Shop anywhere with our card. Standard or Express delivery. Transparent pricing and limits Decide which Cryptopay cards fit your needs. Plastic prepaid card Ideal for ATM withdrawals and offline shopping.

Virtual prepaid card Ideal for online shopping and account verifications. Want to know more about Cryptopay Debit Card? Why do I need a Cryptopay card? How do I activate my card? How do I pay for a prepaid card? Where can I get my card statement? So far I cant fault them one bit. Kudos to you guys! Excellent service, with a friendly interface and excellent support. I recommend to all. Cryptopay — thank you for all the support, which you give.

The payments and withdrawals are always on time, the support service is excellent. I cannot fault Cryptopay at all, I have no reason to go anywhere else! Are you ready to join? We use cookies to improve your experience on the website. No, give me more info Ok, I agree. What is a Cryptopay card? How do I buy Bitcoins? How to Sell Bitcoins? Cryptopay Ltd is a company registered in England and Wales registration number