It probably has something to do with Wave Crest violating their contractual agreement with Visa and MasterCard. This is not Visa and MC being against bitcoin because my non-WaveCrest MasterCard issued by another card provider works perfectly and is still loadable and spendable. No emails or messages from them about shutting down.
Not sure what Wave Crest did. They have a copy of my passport and utility bill when I applied for the Cryptopay Visa last year. I hope all our information is safely stored or deleted and discarded in a secure and permanent manner.