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Visa Locks Down Bitcoin Payments Cards

     
4:18 pm on Jan 5, 2018 (gmt 0)

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Visa has taken a sudden move to lock down crypto-currency payment cards. Ouch!

Thousands of Bitcoin users have had their pre-paid cryptocurrency cards shut down in a crackdown by Visa on a card provider.
Several major pre-paid cards that allow users to make payments and ATM withdrawals using their Bitcoin and cryptocurrency funds were suspended as of January 5.

[telegraph.co.uk...]
6:43 pm on Jan 5, 2018 (gmt 0)

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I like this quote:
"All funds stored on cards are safe and will be returned to your Cryptopay accounts ASAP."

All funds are stored on the cards, in other words they are locked in and you can touch them until they return them to you. That is after the market has corrected. Nice....