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Posts Tagged ‘Wirex’

Litecoin Support Comes To Wirex, Spendable With a Bank Card

25, Apr 2018

The focus for crypto wallets tied with VISA/MasterCard bank cards was pretty much on Bitcoin (BTC), but now it has started moving to altcoins as well like in the case of Wirex adding support for Litecoin (LTC). Wirex was one of the companies that has relied on WaveCrest and as a result like many others their cards became invalid at the start of the year. Meanwhile the company has been working to start issuing new bank cards that are tied to crypto currencies and they have just announced that besides Bitcoin (BTC) they are already supporting Litecoin (LTC) with other altcoins also to be supported soon. Wirex has been resulting their services with the release of virtual debit cards and physical plastic cards should soon be available again as well.

The Wirex LTC wallet allows you to:
– Spend Litecoin by instantly converting into local currency like GBP, EUR or USD to spend with your free Wirex Visa Card.
– Buy Litecoin via your Wirex account, which can be funded by bank transfer, debit or credit card (high limits, instant purchase, easy account verification, fully secure).
– Deposit dozens of popular altcoins for instant exchange into Litecoin (cash out ICO profits with ease).
– Exchange Bitcoin for Litecoin or vice versa at any time (useful if you see positive or negative news and want to catch a sudden increase in BTC or LTC value).
– Withdraw Litecoin to any other LTC wallet (including free money transfers or making purchases with Litecoin.
– Or use Litecoin as a payment option as major brands make it available (starting soon based on industry rumours).

– Fore more information about Wirex, Litecoin (LTC) support and their crypto bank cards…

Visa Bitcoin Powered Debit Cards in Europe Stop Working Suddenly

6, Jan 2018

The first days of the New Year came with an unpleasant surprise for many if not all users of Visa debit cards powered by Bitcoin and/or other crypto currencies as services such as Wirex and Xapo among others just stopped working. The reason was not known at first apart from the fact that the issuer of the actual Visa prepaid cards, a company called WaveCrest, has deactivated them after getting instructed to do so directly from Visa. WaveCrest is the Visa debit card partner for many services offering Bitcoin or other crypto currency wallets that can be accessed and funds in them used through the prepaid debit cards. Below is a quote of the email message sent from WaveCrest to all its customers regarding the issue, not many details revealed as of the reason for cards getting deactivated.

Dear Cardholder,

We, WaveCrest, are the issuer of your Visa Prepaid card, which you have enrolled for through one of our program partners. Visa have today instructed us that we must close all WaveCrest issued Visa Prepaid Cards with immediate effect.

How will this affect you?

Your WaveCrest-issued Visa Prepaid Card will no longer function. However, as your funds were stored in your e-wallet they will remain accessible to you via your wallet provider.

We thank you for your cooperation.

Yours sincerely,
WaveCrest

Services such as Wirex and Xapo are still working and offering their customers access to their funds, though the plastic or virtual cards issued by them are no longer operating while they find another solution with another issues of debit cards. If you are using any other service that is offering a prepaid Visa debit card powered by crypto currencies and it has stopped working suddenly, then the reason is most likely the same – they have used WaveCrest as the card issuer as well. If you are using a service that still has functioning Visa prepaid debit card powered by BTC or another crypto please feel free to share the name of the service as most likely they are using an alternative card issuer. The chances are however that other Visa card issuers like WaveCrest might have also received the same order from Visa to shut down the cards of their crypto partners.

On a side note, we are hearing that in some European countries more and more banks are starting to refuse to accept banks transfers coming from crypto exchanges after being advised to do so from their central banks. Apparently there is something cooking in the EU regarding crypto and this year we might actually see some sort of regulation coming up on a European Union level and we are yet to see if it will be for good or for bad.


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