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Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
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Visa bans cryptocurrency-backed cards, leaving thousands in the lurch
- Users are left scrambling to figure out how to access their money.
- The cards were one of the few options for people who use them for day-to-day expenses.
The card provider, WaveCrest, confirmed in an email to CNBC that it was required "to immediately close all Visa cards."
"As a licensed E-Money Institution, WaveCrest is required to safeguard funds to cover all of its issued electronic money and we can confirm that these funds are safe and available for redemption through other channels," the statement read.
Visa, a payment network, did not immediately respond to a request for comment.
Wavecrest provided its services to a number of crypto-card companies, including Bitwala, Cryptopay, Wirex and TenX. These companies convert people's cryptocurrencies into cash that is loaded on to a prepaid card, allowing people to use the currency for everyday transactions.
Now these cards are invalid.
Dmitry Lazarichev, co-founder of cryptocurrency card company Wirex, said he's received thousands of calls from frantic customers. He said his company has issued some 500,000 cryptocurrency debit cards to people across the world, although not in the United States.
"All the cards were shut down in one second," Lazarichev said, adding that WaveCrest hasn't been responsive. "We asked for more information, but they haven't provided any."
TenX, another cryptocurrency card company affected, tried to reassure users.
https://www.cnbc.com/2018/01/05/visa-bans-cryptocurrency-backed-cards.html
Banks Fighting Back! Visa Locks Down All Bitcoin Visa Cards In Europe Today
http://investmentwatchblog.com/bank...-down-all-bitcoin-visa-cards-in-europe-today/
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One of the coins I was looking at TENX was affected by this. I was wondering if this is a good opportunity to jump in. They have some ex-paypal people working with it. so I can see them figuring something out.
The card I did invest in, Monaco (MCO) has done well, so even with a hit, I am ahead.
yea sometimes minor setbacks could be a great time to buy...
just do your research..
PACcoin (PAC)
$0.000173 USD (336.21%)
I think I'm finna jump on this...Just 100 and see what it do
UPDATE
$0.000215 USD (412.77%)
Cryptopia paused the market for paccoin. I can't buy it on there.
YoBit won't let me register.
They're claiming both emails I used were already on it's database when they're NOT.
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them european banks mustve seen a major decline in their cards usage....
crypto is not as popular here yet... so expect a lot of bank fuckery in the future when it picks up...
this is only a minor setback tho.... and just leaves more room for innovation.. cryptos were created to fuck over big banks
so this just will get the ball rollin faster...
and adds a big boost to privacy coins...
I can see big banks accepting crypto in the near future on their cards.. they just have to work out the quirks...
step number one eliminate the competition
they arent gonna let all this money bypass them
there’s no catch all app...it depends on the coin(s) you need a wallet for...if there’s an official app for a particular coin it will be offered on the company’s website...don’t use random apps in the app store or google play store bcuz most of those bootleg apps do not let you control the private keys to your wallet...the app should be offered directly from the company...what coin(s) do you need a wallet for?
Tron Overtakes Litecoin, Founders Take Jabs At Each Other On Twitter
Figureheads of two of the hottest cryptocurrencies on the planet took some passive-aggressive jabs at one another on Twitter Inc(NYSE: TWTR) Thursday as investors try to sort through the dozens of billion-dollar digital currencies to determine which ones will be long-term winners.
It started when Litecoin creator Charlie Lee gave his take on TRON…the movie.
Of course, Lee’s comments were actually a thinly veiled swipe at popular cryptocurrency Tron, which has come out of the woodwork in recent weeks to become one of the seven largest global cryptocurrencies by market cap.
The price of Tron is up 480 percent in the past week and nearly 10,000 percent in the past month. Tron ’s market cap now stands at a staggering $13.8 billion. The price of Litecoin, on the other hand, is up a relatively modest 3.9 percent in the past week and 146 percent in the past month.
Despite the gains, Tron leapfrogged Litecoin in market cap for the first time this week, bumping Litecoin down to No. 8 on the list of top cryptocurrencies by market cap.
Tron founder Justin Sun quickly fired back at Lee on Twitter for selling his personal stake in Litecoin.
https://m.benzinga.com/article/10994198
Figureheads of two of the hottest cryptocurrencies on the planet took some passive-aggressive jabs at one another on Twitter Inc(NYSE: TWTR) Thursday as investors try to sort through the dozens of billion-dollar digital currencies to determine which ones will be long-term winners.
It started when Litecoin creator Charlie Lee gave his take on TRON…the movie.
Of course, Lee’s comments were actually a thinly veiled swipe at popular cryptocurrency Tron, which has come out of the woodwork in recent weeks to become one of the seven largest global cryptocurrencies by market cap.
The price of Tron is up 480 percent in the past week and nearly 10,000 percent in the past month. Tron ’s market cap now stands at a staggering $13.8 billion. The price of Litecoin, on the other hand, is up a relatively modest 3.9 percent in the past week and 146 percent in the past month.
Despite the gains, Tron leapfrogged Litecoin in market cap for the first time this week, bumping Litecoin down to No. 8 on the list of top cryptocurrencies by market cap.
Tron founder Justin Sun quickly fired back at Lee on Twitter for selling his personal stake in Litecoin.
https://m.benzinga.com/article/10994198
xp as in experience points??
Getting access denied when trying to register www.coinexchange.io
where did you buy it at? and how did you buy?
In case anyone is hodling these coins on Bittrex. TRIG MTL are getting delisted.
https://support.bittrex.com/hc/en-us/articles/115003816652-Pending-Market-Removals-1-12-2018
https://support.bittrex.com/hc/en-us/articles/115003816652-Pending-Market-Removals-1-12-2018
Bitchrex ain't shit man.
Visa and them ain't stupid. These cards kill with fees and they get action behind that. Who knows why they did this. Probably just don't want cards issued to just any companies popping up.
FYI. If you have purchased a Nano S or any other hardware wallet from non authorized sellers if it comes with the seed already configure or some shit like this don’t use it.
Dude lost all his money because someone recovered his wallet using the seed they shipped it with then xfered to another wallet
Damn. Gots to be more careful.
I sEt mine up last night. Works really slick. Moved everything over except my KIN. Waiting on the TX to complete now.
siacoin has been jumping a lil lately, I'm just saying
up 103% today
Once again i say...
Just that quick they cut off registrations for a while for coinexchange. I'll post when it's back open
Bet!!
I meant uploading a ID or driver license
Kucoin worked but coinexchange ain't doing shit
Gdax smh at the ID upload
Do the verification through coinbase.
I'll let you know when it opens back up
hope you kept it man
Does this mean we gettin to 200$ this year so I can get my Acura?
What's the highest you think this coin can reach with it's market cap? I made a few thousand off it already. I'm wondering sound I take some profits and reinvest it in another coin. (Example SALT, OMG, or Funfair)