Even yesterday morning everything seemed regular!

^{_{Source: Image from Pixabay. Credits to AhmadArdity for credit-card, used under the CC0 Creative Commons license.}}

Yesterday late afternoon when I arrived home, sit in front my computer and checked my emails I was unpleasantly surprised. Xapo one of (as they say most secured) Bitcoin Wallets informed me about that my Xapo Card has been deactivated.

At first, I thought maybe I did something wrong, or perhaps it's just some Xapo internal issue, but as it seems from the email that I received it's not about me or any other Xapo Visa® cardholder. As they said, it's about Wave Crest Holdings, Ltd. who "was instructed by Visa® to close all cards of its Visa® programs effective immediately."

^{_{Source: Image from Pixabay. Credits to falco for guarantee-card-credit, used under the CC0 Creative Commons license.}}

Later on, I discovered many other prepaid card providers whose card issuer was Wave Crest Holdings, Ltd. suspended their service to their Visa® cardholders. Allegedly Wave Crest Holdings, Ltd. violated Visa’s policies. So, it turns out behind this sudden big move of a large number of cards cancellation stands, in fact, Visa® itself.

Now, the only question is, is it really just an action against one company (Wave Crest Holdings, Ltd.) and its reportedly “non-compliance” with VISA’s membership regulations as Visa Europe explained to TNW or a test drive of the crackdown on cryptocurrencies!?

Posted on Saturday, January 6, 2018