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.