Today ( Monday ) - ShakePay, the prepaid debit card provider allowing clients to pre-load cards directly with Crypto Currency, stated it had updated the list of countries supported with the recent news that many clients accounts would be closed in short order:
https://twitter.com/shakepay/status/902186218213056513
- shakepay
That is my Tweet to them there above.
They also had this to say, quoted from their direct blog article on this, all info is included below for you.
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Our partner bank is being nudged by VISA to immediately stop issuing cards to residents living outside of the European Territory. As a result, any new sign ups to Shakepay will require to have an address of residence within this list of European countries.
All Shakepay users outside of these countries will have their cards deactivated on October 15th, 2017. This list includes most of us on the Shakepay team unfortunately.
The Crypto- debit card provider Shakepay has now joined fellow card provider/service Xapo in the stoppage on issuance of cards to residents outside of European / EU territories.
Xapo came out recently on the issuance of new requirements coming from Visa.
ShakePay has now stated as shown in their quotes above, that its partner bank is being nudged by Visa to immediately halt issuing cards to residents living outside of Europe.
Official ShakePay Sources/Contact on this:
http://blog.shakepay.co/2017/updated-list-of-countries/
Every Shakepay user outside of the European / Visa network countries will have their cards/accounts deactivated on October 15th, 2017 as quotes show in this article.
These changes mean that new customers to Shakepay will now need proof of residence from the following list of European Visa network countries:
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Andorra
Austria
Belgium
Bulgaria
Canary Islands
Croatia
Cyprus
Czech Republic Denmark
Estonia
Finland
France Germany
Gibraltar
Greece
Greenland
Guernsey
Hungary
Iceland
Ireland
The Isle of Man
Israel
Italy Jersey
Latvia
Liechtenstein
Lithuania
Luxembourg
Madeira
Malta
Monaco
Netherlands
Norway Poland
Portugal
Romania
San Marino
Slovakia
Slovenia
Spain
Sweden
Switzerland
Turkey
United Kingdom
Vatican
Further Info:
Steps required for Shakepay user cards if their residence is outside the European Territory – All top ups and card loads will remain operational until October 15th, 2017.
As of now, these users will not be issued a new card. Shakepay did not mention whether they are currently coming up with a separate solution for clients outside of the EU other than to expect “awesome things” on the way.
They officially also recommend spending all available balances on the card by October 15th, 2017.
My research on this yielded this official response from right inside a Reddit forum:
Jean from Shakepay here, October 15th your cards will stop working.
You can more about it directly on our blog: http://blog.shakepay.co/2017/updated-list-of-countries/
Main image source / Other Images via ShakePay / web search.
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