WaveCrest, the provider of Visa prepaid to TenX and Bitwala, Cryptopay and Wirex, was directed by Visa  "to immediately close all Visa cards."  Visa has severed it's relationship with WaveCrest for "violating Visa's operating regulations."

Hopefully some other company will step up and take this on. The more convertors from crypto to fiat money there are, the less reliant we will be on Coin Base.



![Screen Shot 2018-01-07 at 10.55.53 AM.png](https://steemitimages.com/DQmRZcRe8M7diLCwyw8E8RVqHZ4UiSNpQiMJEKJV4cefHkw/Screen%20Shot%202018-01-07%20at%2010.55.53%20AM.png)



![Screen Shot 2018-01-07 at 10.56.03 AM.png](https://steemitimages.com/DQmQEw7SEgt3fmkDyNN8CsjnXRR2g8X1AZouSuCYNxgjFiS/Screen%20Shot%202018-01-07%20at%2010.56.03%20AM.png)

Read more about it here:
https://www.cnbc.com/2018/01/05/some-cryptocurrency-backed-cards-dropped-from-visa-network.html




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