Breaking News the last several hours: ShakePay to CANCEL their Crypto-Debit/Visa Cards/services to clients outside the EU / European Union!

in cryptocurrency •  7 years ago  (edited)

Today ( Monday ) - ShakePay, the prepaid debit card provider allowing clients to pre-load cards directly with Crypto Currency, stated it had updated the list of countries supported with the recent news that many clients accounts would be closed in short order:

https://twitter.com/shakepay/status/902186218213056513

That is my Tweet to them there above.



They also had this to say, quoted from their direct blog article on this, all info is included below for you.

--

Our partner bank is being nudged by VISA to immediately stop issuing cards to residents living outside of the European Territory. As a result, any new sign ups to Shakepay will require to have an address of residence within this list of European countries.

All Shakepay users outside of these countries will have their cards deactivated on October 15th, 2017. This list includes most of us on the Shakepay team unfortunately.


The Crypto- debit card provider Shakepay has now joined fellow card provider/service Xapo in the stoppage on issuance of cards to residents outside of European / EU territories.

Xapo came out recently on the issuance of new requirements coming from Visa.

ShakePay has now stated as shown in their quotes above, that its partner bank is being nudged by Visa to immediately halt issuing cards to residents living outside of Europe.


Official ShakePay Sources/Contact on this:


http://blog.shakepay.co/2017/updated-list-of-countries/

[email protected]


Every Shakepay user outside of the European / Visa network countries will have their cards/accounts deactivated on October 15th, 2017 as quotes show in this article.

These changes mean that new customers to Shakepay will now need proof of residence from the following list of European Visa network countries:

--


Andorra
Austria
Belgium
Bulgaria
Canary Islands
Croatia
Cyprus
Czech Republic Denmark
Estonia
Finland
France Germany
Gibraltar
Greece
Greenland
Guernsey
Hungary
Iceland
Ireland
The Isle of Man
Israel
Italy Jersey
Latvia
Liechtenstein
Lithuania
Luxembourg
Madeira
Malta
Monaco
Netherlands
Norway Poland
Portugal
Romania
San Marino
Slovakia
Slovenia
Spain
Sweden
Switzerland
Turkey
United Kingdom
Vatican


Further Info:

Steps required for Shakepay user cards if their residence is outside the European Territory – All top ups and card loads will remain operational until October 15th, 2017.

As of now, these users will not be issued a new card. Shakepay did not mention whether they are currently coming up with a separate solution for clients outside of the EU other than to expect “awesome things” on the way.

They officially also recommend spending all available balances on the card by October 15th, 2017.


My research on this yielded this official response from right inside a Reddit forum:

Jean from Shakepay here, October 15th your cards will stop working.

You can more about it directly on our blog: http://blog.shakepay.co/2017/updated-list-of-countries/


Main image source / Other Images via ShakePay / web search.

Thanks for reading, have a nice day.








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BarryDutton Barry Dutton tweeted @ 29 Aug 2017 - 01:00 UTC

#CryptoCurrency News: Breaking - @shakepay clients outside the #EU to have #Crypto Cards /accts cancelled. $BTC $LTC

steemit.com/cryptocurrency… / https://t.co/mxEZ3UOus2

Disclaimer: I am just a bot trying to be helpful.

Thx for sharing

This post received a 1.5% upvote from @randowhale thanks to @maxsteem! For more information, click here!

No worries.

Since when did credit Cards company EVER reject the opportunity to make money?

All I got to ask is --what is Visa smoking!

Unless, they are going be coming out as providers themselves everywhere expect the EU.

Otherwise, they best be pulling their support from ebay, and thousands of other sites where people buy illegal stuff and transfer money to criminals using their card as well.

Very
Illegal
Selling
Assets

Visa is a bunch of criminal greedy bastards, they'd murder their own families to earn some dollars.

This is the communist EU trying to take control of crypto.

Do not use this product ever again. Especially if you live in the EU. This is globalists attempting to monitor you!

That is a pretty solid reply!!!

Thanks @barrydutton. They are caving in to bureaucrats. Punish them by closing your account with them.

Down with them all LOL.

#BureaucRATS

Damn banksters are waging the war on cash and now also a war on debit cards!.. Soon people in most of the world will be left without options except for government-controlled bank accounts. …and crypto, of course, if they can make it work for their practical financial needs.

Xapo, Wirex....etc all the visa partnerships are going to be cancel on October 15th

Whats our thought on BitConnect's new debit that will come out and be linked to your "lending wallet", sounds awesome. I have had ridiculous payouts from them.

This sucks

Well said.

shakepay Shakepay tweeted @ 28 Aug 2017 - 15:08 UTC

We've updated the list of countries where our debit card can be issued: help.shakepay.co/visa-debit-car…

Disclaimer: I am just a bot trying to be helpful.

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Third parties are always a problem... in this case they take decentralized process and take it to a centralized platform. Better off without them.

Interesting input for sure.

Hmmmmmmm....

  ·  7 years ago (edited)Reveal Comment

Flagged for spam and clearly others are flagging you also.

Lamo I was like "woh someone just hit this guys rep bit time." As I was thinking about doing the same. Oh I see who it was. LOOKS AT @barrydutton.

Responsible flagging and hopefully related comments as you know I always try and give is a responsibility here but it is costing us regular people voting power and thus $ out of our pocket.

Steemit Inc. needs to deal with this. I have some ideas.

And that DV was with really decreased power, believe me.

Sneaky. Edited your comments but your whole comments tab is full of spam, sometimes we just are glad things are stored on the blockchain.

Come on man, you can do better than this!!!