Quote from: European Central Bank on January 26, 2018, 06:38:57 PM

Quote from: aigeezer on January 26, 2018, 06:33:35 PM

Certainly that's what Visa said, very cryptically. I'm struck by the silence otherwise from both Visa and Wavecrest on the matter. Which rule(s), if any, were violated? Why did the two parties not come to some agreement "oops, our bad, fixed now" as is usually the case when huge revenues are involved. Why has some third party not appeared yet to fill the vacuum? It's still very strange imho and feels like bankster mischief to me so far - I hope I'm wrong.

no idea, but the fact is that coinbase and bitpay visa cards continue to work without any issues for americans. if wavecrest were flouting something they're not gonna publicise it. if visa allowed that flouting to continue as long as it did they won't either.

Good point, but why wouldn't Visa and Wavecrest just come to some agreement (asked rhetorically)? They've arguably both lost millions in revenue over some rule breach. Why wouldn't they just fix whatever it was? Even the governments affected may have lost millions in VAT or sales tax revenues. Bitpay cancelled its Visa card offering to Canadians, btw. I've forgotten whether it was a Wavecrest card but I think it was. Anyway, your U.S. example begs the question of why the Visa cards will only work now in the States? If Wavecrest did something so wrong that it lost the franchise, yet the solution is available for coinbase and Bitpay, then why isn't such a solution available for Visa worldwide, either to Wavecrest or some other provider?