Greetings all,

The vision for TokenCard has always been to marry the power of the Ethereum network with the global reach of the payments networks. This coupling unleashes onto the world a product of unparalleled financial access and control: from the (newly?) wealthy to those looking to regain control of their own finances, and by extent lives, the TokenCard is the epitome, the holy grail, of payment platforms.

This vision has always been a global one. To that end we have been on the lookout for an issuer that can provide us with the flexibility we need to complete this vision. In 2015, at the time of us first engaging our original issuing partner, WaveCrest, they had been able to help us fulfil this goal: through passive issuance we would be able to send cards to a near global market.

Over time WaveCrest’s situation evolved causing them to lose their ability to do global passive issuance; cards would only be sent within the EU. This however wouldn’t suffice for us, and we expedited our plans to work with larger and more sophisticated issuers with global reach.

Now, WaveCrest has been forced to indefinitely suspended all card activities, spelling the end of an era for them.