Since VISAs decision to suspend all Bitcoin prepaid debit and virtual cards issued by Wave Crest Holding in the EU, citizens of Europe and many other countries have had no option to use cryptocurrency cards for withdrawals and POS payments. However, two cryptocurrency-related companies are preparing to bring their new physical and virtual cards to the market.
Now, everyone is expecting new opportunities and solutions on the European cryptocurrency payments market. Coinidol.com turned to several Bitcoin virtual and physical cards providers to find out whether we should expect a solution to this problem anytime soon.
Read more:
https://coinidol.com/physical-bitcoin-debit-cards-coming-back-to-europe/
While the attempt at bringing back the game-changer admirable, I do not think bringing new physical and virtual cards to the market is feasible at the moment. Even investors would not use the same because most of them would ONLY want to hold and cash out when they already reached their money goal when converted to USD. This has been the way of life of plenty that I actually lost count, and I am not saying it is negative. I just think that with this fact, I can safely presume that Bitcoin's initial purpose to be a payment system has long vanished because it now has a store of value that investors would want to protect until they can. It is now an asset they cannot just let go of especially when the price is not good.