Bitcoin Core developer Jonas Schnelli has hit out at payment processor BitPay after it suddenly “deactivated” all its non-US debit cards.
Visa Wields Axe On Prepaid Cards
In a message to users, BitPay explained that its card issuer, Wave Crest, “received direction from (Visa) to immediately close all accounts of its prepaid (Visa) debit card programs,” of which its prepaid Bitcoin debit card was one.
A lack of notice meant the company had no choice but to immediately shut down spending from all its customers outside the US, BitPay claimed.
The message continued with: