The WaveCrest announcement to cancel all prepaid VISA cards sent shockwaves through the cryptocurrency industry.
Even mainstream media has covered the story.
And many crypto-powered card providers might not even survive this event.
If youve been with Wirex since the beginning, youll know that we work hard and as fast as possible through all of the regulatory, compliance and technical challenges we face together in the new blockchain economy.
So were happy to announce that our business and developer teams have enabled full balance conversion from WaveCrest issued cards back into your secure Wirex bitcoin wallet.
If you have any fiat currency balance (USD, EUR, GBP) on one of the WaveCrest issued cards inside your Wirex account, you can now exchange those funds back into Bitcoin.
On Monday, any remaining card balances will automatically be converted back into Bitcoin.
Our webinar about the WaveCrest situation and our new product timeline was well received by our customer community.