3/20/2023 0 Comments Bitpay newsVenezuela Begins Public Sale of National Cryptocur.The Daily: Nexo to Pay Interest on Stablecoins, St.Bitcoin Trader Faces Five Years in US Jail for Unl.PR: aXpire Acquires BlockchainWarehouse (BCW).Ten Years Ago Today, the Whitepaper Changed the Wa. ![]() CMC Markets Adds Bitcoin Cash to Cryptocurrency Of.October Volume Report: Weakest Monthly Trading Act.Brazilian Banks Ordered to Reopen Cryptocurrency E.Exchanges Roundup: BNB on Etoro, Binance Freezes W.Bitcoin History Part 1: In the Beginning.Korean Court Rules in Favor of Cryptocurrency Exch.The post Bitpay Phases Out Crypto-Debit Cards for European Cardholders appeared first on Bitcoin News. Tired of those other forums on the subject of Bitcoin? Check forum. Images via Pixabay, the Bitpay Card, and Shutterstock. What do you think about the Bitpay card no longer servicing European countries? What cards do you know of work good in the region? Let us know your thoughts about this subject in the comments section below. Additionally, former Bitpay cardholder can access a guide to extracting a comma-separated value (CSV) files that contain all of the user’s transactions for record keeping and tax purposes. In many ways, the model is still dealing with a fiat exchange and trading those coins for the user’s purchases. The advent of crypto-debit cards has made it easier for digital asset enthusiasts to spend their coins but the system is still tethered to the traditional financial network. Moreover, there are a few new crypto-to-debit card startups entering the space that plan to provide these services for European customers. At the moment residents from that area can use popular crypto-card issuers such as Revolut, and Wirex for their crypto-to-debit needs. ![]() The Need for More Crypto-to-Debit or Something That Bypasses the Traditional Frictions Associated With FiatĮuropean Bitpay card users will need to use another card provider if they haven’t already switched over the last six months. ![]() If you need to store your card’s transaction data for any purpose, please export your transaction data before your card dashboard access ends on Wednesday, October 31st, 2018. We are now working to sunset Bitpay accounts related to the Wave Crest-issued Bitpay card - In 30 days, we will be turning off access to your Bitpay card dashboard. stopped providing service for your Bitpay Card as of October 2017 or January 2018,” explains the Atlanta-based firm. “As you know, your Bitpay card’s issuer Wave Crest Holdings Ltd. Because of the banking issues, this week the cryptocurrency payment processor Bitpay has revealed that it is phasing out its Wave Crest-issued Bitpay card and associated services. Many crypto-cards had to stop debit card operations because the issuer Wave Crest had its license from Visa revoked. Bitpay has emailed all of its European card holding customers and revealed it is in the midst of sunsetting all Bitpay accounts related to the Wave Crest-issued Bitpay card.Īlso read: Bitcoin Cash Speaker Series II Brings Leading Bitcoiners Together Bitpay Is Phasing out Debit Services for European CardholdersĮight months ago reported on a slew of cryptocurrency debit cards forced to shut down services because of issues tied to the bank Wave Crest-Holdings. The global cryptocurrency payment service provider, Bitpay, has announced the company’s loadable cryptocurrency debit card services will no longer work for European customers later this month.
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