Hi everyone, i'm a full MCO supporter from Italy (Black Card reserved from ICO).
I've read about XAPO closing all debit cards for all users outside Europe.
This will be probably extented to other companies using Wavecrest services.
It's clear now that the Wavecrest thing is not an option for MCO so they can't fail.
To me, a full Visa support seems to be not easy to get, because you need very good credentials (a structured business) and also because this crypto thing could make those boring banking guys obsolete.
What is your opinion?
Why Xapo and other companies didn't apply for Visa issuing collab?
By the way, i remain optimist on the long-term view of MCO.
What the hell is wrong with the stupid Visa ! They are just making restrictions instead of making business and offering convenience to people. There is so much money to make for them out of crypto cards and they throw such a restrictions.
https://news.bitcoin.com/bitcoin-debit-cards-non-european-residents-visas-new-rules/Can anyone please clarify what could be the reason for this?
Perhaps bcos money laundering maybe
They will figure out how to settle this soon bcos Europe alone won't contribute much to their profit.
This news was released 5 days ago anyway
So we can make conclusion that MCO VISA is delayed until anti-money laundering regulations are put in place with regards of crypto currencies?! And we don't know how long this delay will be. Weeks or month...