BitPay, one of the companies concerned by Visa suspending the status of the card provider of WaveCrest flow Friday, has posted an announcement on the event today, Saturday. In the statement, the company reassures its customers that the funds they had stored on their BitPay cards at the time of closing are safe, and will eventually be returned to them.

This comes after similar updates published by Bitwala and Wirex, whose business was also affected

Visa inadvertently disables cryptocurrency cards

In a unexpected turn of events yesterday, January 5, Visa asked WaveCrest, a debit card issuer based in Europe " to immediately close all cards [its] Visa ." As a result, a number of cryptocurrency vendors who relied on WaveCrest for transaction processing were forced to suspend their services, including BitPay, Bitwala,

In a statement regarding its decision, Visa stated:

"[We] recently terminated a single prepaid card issuer in Europe from our network for violating Visa's operating rules." This transmitter, WaveCrest, was to close down his Visa card products, some of which were tied to cryptocurrency wallets. "

Secured Funds, Repayments Pending

Bitwala and Wirex have already issued two companies reiterated the fact that neither Visa nor WaveCrest gave them enough warning to prepare for the hasty discontinuance of the service and claim that the user's money isators is safe and will be reimbursed in due course.

BitPay added a new update: the card provider announces that all of its non-US cards have been deactivated and will no longer be available for other payments or withdrawals.

Fortunately for cardholders, BitPay claimed that they [“19459007] will get a refund for card balance and for any card charge in circulation . "Also, all those who have ordered their card after December 1, 2017

In the future, BitPay, as well as Bitwala and Wirex, states that " is already under discussion " with d & # 39; Other Potential Card Issuers It should be noted that the most recent decision by Visa to suspend WaveCrest's status appears to have no bearing on its transactions with Cryptocurrency Service Providers, according to the official statement. de Visa: