I was right completely. Minex does not have working cards at all and is misleading theirs customers all the time.From reading theirs post on Medium few conclusions came up:
- they have not crypto working card
- they took company cards from ukranian Privat Bank which can be used only to test theirs application and nothing else
- VISA/Mastercard does not allow using third parties cards for your own customers - cant give bank cards to your own customers
- to get really working cards,they will need to fill sub-issue request to get valid branded cards with theirs logo on them, goes through all necessary regulations,gets VISA/Mastercard approval of card design and makes a contract with card manufacturer.
- they are on the beginning of this long and complicate procedure and as based on experiences of others,bigger companies,they will need 8-10 months to finish it if and only if they have fully qualified people to do it.If all goes well we can expect fully working card for 8-10 months,sometimes in September 2019
- Temhuk used VISA Gold card for alleged testing,but Minex now is saying that they are using for testing bank Mastercard euro card.God knows what is happenning there
The card is both mastercard and visa,Today crypto rich said he got mastercard for the test card in his video.
And about minexpay branded card it was mentioned in the article
Naturally, MinexPay users will still get a new MinexPay branded card after the test complete[/b]. We believe that this test will confirm that everything is set up correctly and our Minex Web Wallet will work as intended fast and easy. In addition, given the design of the Minex Web Wallet service, Chain2Pay considers an option of connecting users own cards to the Minex Web Wallet in the future.
Card cant be both VISA and Mastercard.
Minex in theirs statement explicitly said they are testing Privat Bank Mastercard euro card.No mention about VISA at all.Minex can test theirs application with bank cards ,but to get valid ,branded card with its logo ,they will have to fill request for sub-issueing,accomplish all neccessary regulatory things and Mastercard terms.It is not an easy task to accomplish.Much more serious companies which issued crypto related cards needed 8-10 months for that.
As I said before - it is true that Minex does not need license for company cards. But if Minex want to issue cards to their customers it will need valid,branded cards and contract about sub-issueing and to pass through all necessary procedures and regulations.
My research was completely confirmed today and Minex representatives are now wiggling in the net of lies they made.