The Bitcoin community is reeling after several pre-paid crypto debit card providers abruptly suspended service. The companies affected include Bitwala, Cryptopay, Wirex, and TenX.
These services allow individuals to spend cryptocurrencies — predominantly Bitcoin — in traditional brick-and-mortar establishments through a debit card issued by one of the major providers, Visa and MasterCard.
Speaking to their customers on Twitter, the affected companies have said the move is the result of actions from their card issuer, who was acting on behalf of Visa Europe.
A tweet from Singapore-based TenX itentifies their card issuer as the Gibraltar-based WaveCrest. It's not clear if WaveCrest was the provider for all the aforementioned companies. It certainly appears that way though.