BREAKING: Problems with Bitcoin debit cards – what is behind them?

Since yesterday evening several sites report that there are problems with Bitcoin debit cards like Bitwala, TenX, Mobi – what’s behind it.

Bitcoin debit cards are very popular shown in the Bitcoin loophole

Because they are easy to use as a means of payment at any debit card accepting location. Accordingly, cards from various providers such as Bitwala, TenX and BitPay are widely accepted by people who see the Bitcoin loophole by onlinebetrug as scam Bitcoin not just as a store of Bitcoin loophole value, but as a real means of payment.

For such debit cards to be used like other cards, their providers must cooperate with credit card service providers. VISA and MasterCard are the two largest companies, which is why cooperation with them is an option.

Of course, this leads to a dependency on these service providers on the part of the companies behind the Bitcoin debit cards. This dependency has now become a major problem and Bitwala has made a statement to BTC-ECHO:

“Visa’s decision today is a clear sign that traditional financial services providers are not interested in contributing to the growth of the crypto industry and the crypto economy. Right now, our customers are our top priority and we are working to help the affected users.”

But Bitwala is not alone with the news spy

TenX also seems to be affected by the news spy. This morning they wrote that payments with the TenX card are currently not possible. They refer to discussions with their issuing bank WaveCrest, which is responsible for the European Bitcoin debit cards. In a recent announcement, Julian Hosp, CEO of TenX, explained that Visa WaveCrest had withdrawn its licence to activate the cards. However, this problem is not supposed to be dramatic; after all, TenX has been looking for the news spy a new issuing bank for quite some time. All in all, it looks like there is a problem between Visa and WaveCrest. To what extent the involvement of crypto currencies plays a role cannot be assessed beyond doubt at this point in time.

BitPay has issued a longer statement according to which the BitPay Card cannot be used outside the United States. BitPay also attributes the problems to the provider WaveCrest, which has been ordered by Visa to stop all Visa debit accounts. However, the American Bitcoin debit card provider is closing its announcement hopefully:

“We expect to be back in your country soon. As part of our commitment to BitPay Card users, we will send you an email when the BitPay Card becomes available in your country again.”

Addendum: The BTC-ECHO editorial staff has now received a comment from the VISA Deutschland press office:

“Visa’s decision relates exclusively to WaveCrest, and by no means to the entire crypto industry or crypto economy. We can confirm that Visa’s license agreement with WaveCrest will be terminated and that all Visa card programs of WaveCrest will be discontinued. Visa is committed to the security of its payment system. Compliance with the Visa rules is crucial to ensuring the security and integrity of the Visa payment system. The card programs of our issuers must comply with our license terms and all applicable laws.”

Bitcoin, Ethereum and Ripple – Course analysis – Soil formation shows initial effect

The response, which started last week, is still valid. Those who have followed the updates should have invested “long”. As always, the crucial question is:

Will there be more about the cryptosoft?

To give an overview of the top 3, here https://www.geldplus.net/en/cryptosoft-review/ are the developments of Bitcoin, Ethereum and XRP course presented. If possible, we will also refer back to previous cryptosoft price analyses and look at what has happened since then.

Bitcoin (BTC/USD)
The US$ 6,000 mark still holds at the Bitcoin exchange rate. The process of the “bearish variant” offered the perfect long entry. The book profit at the Bitcoin course increased to ten percent at the top. The cloud of the Ichimoku-Kinko-Hyo-indicator is still around 550 US dollars away. The short-term upward trend will cause greater difficulties. This is currently accompanied by the medium-term downward trend. If further price increases occur, the Bitcoin price runs into a multiple resistance range.

The moving averages are about to confirm a crypto trader

Bullish variant: The Bitcoin price continues to show a crypto trader and again overcomes the short-term downward trend. With prices above 7,000 US dollars, the medium-term downward trend has also been significantly overcome. The cloud of the Ichimoku-Kinko-Hyo-Indicator is overcome with courses over 7.600 US Dollar – tendency falling. The next important hurdle is crypto trader around 7,700 US dollars. Price increases above 7,961 US dollars activate larger upward targets:

9,261 US dollars
9,726 US dollars
11,540 US dollars
Bearish variant:

The bottom formation was only a return in the superior downward movement. The multiple resistances on the upper side cannot be taken. The 23.6 percent Fibonacci retracement confirms the price weakness of the Bitcoin price and from here a new low follows. With the break of 5,877 US dollars, the next price target is 5,428 US dollars. If this is not enough, there is a threat of exchange rate losses to around 5,000 US dollars.

Ethereum (ETH/USD)

The price target around the US$ 241 mark was already reached last week. A 25 per cent book gain was to be won here. In the end, however, the Ethereum exchange rate is still very sluggish and weak. Significant price gains are sold off again and again in the daily chart. The cloud of the Ichimoku-Kinko-Hyo-indicator is insanely 120 US dollars away from the current exchange rate and underlines the weakness of the Ethereum exchange rate.

Bullish variant:

The current setback can only be seen as a return to support. Prices above 241 US dollars are used for long positioning. The Ethereum rate is recovering and rises above 365 US dollars to confirm the bottom formation. The resistance range, which goes hand in hand with the short-term downward trend, is overcome with prices above 460 US dollars – with a downward trend. In addition, the cloud of the Ichimoku-Kinko-Hyo-indicator is then outbid. From there, a short-term rise in the exchange rate to 624 US dollars is to be expected.

Larger price targets require a significant rise of more than 684 US dollars to be activated. The following targets are thus activated:

897 US dollar
1,021 US dollars
Bearish variant:

The decline in the Ethereum rate already signals a lack of buying interest. Not even the 23.6 percent Fibonacci retracement was able to reach the high of 321 US dollars. Prices below 241 US dollars are accompanied by further losses to 196 US dollars.

Ripple (XRP/USD)

Bitcoin ATMs: Robocoin in the global fast lane, Altcoins follow suit

After today’s fall in prices, you may no longer be able to buy Bitcoins with your Chinese bank account, and the local Bitcoin dealer will probably have taken the plunge. But maybe some of you will be lucky enough to be able to use the nearest Bitcoin vending machine.

Every week the number of new Bitcoin machines grows. The weekly Bitcoin ATM overview includes some new exotic locations, unexpected events and last but not least 3 new old coins.

Bitcoiniacs and Cointrader.net

The Canadian companies Cointrader.net and Bitcoiniacs, who already inaugurated the world’s first Robocin Bitcoin vending machine in Vancoouver, announced a global campaign and reported on partnerships with various Bitcoin groups worldwide. Below are the new locations of the vending machines.

London, England
One of the partnerships was with the English company QuickCoin, who launched their first Robocoin vending machine near Liverpoll Station in a coffee shop called The Vape Lab. The machine is already the third Bitcoin machine alongside another Robocoin and Lamassu machine. Co-founder of Cointrader said:

“It becomes easier every day to buy Bitcoin in England”

We now offer our customers four different ways to trade Bitcoin.

Bucharest, Romania
Another Robocoin machine was installed in cooperation with Bitcoin Romania on April 18th in Bucharest. It is the first machine in continental Europe.

The group says the machine is currently undergoing some testing and they hope to be able to put the Bitcoin machine into operation soon.

Texas, USA
Businessman Sheldon Weisfeld of Coinvault also took the Robocoin vending machine with him and is now promoting it in Texas. Coinvault has already installed two Robocoin machines in Texas, one at Texas Gun Works in Austin and one at Brave News Books, a bookstore near Austin.

Bitcoin ATMHong Kong
Hong Kong has already installed two Lamassu machines, but wants to take the next step. Coinnect commissioned a Genesis1 two-way vending machine at 100 Cyberport Road in Hong Kong on April 25.

Whistler, Canada
Logicoins has also installed a Genesis1 machine in a therapy centre at a tourist resort in Whistler. The vending machine, which also trades Litecoins and Dogecoins, is part of the Logicoin “Resort Project” which aims to install Bitcoin vending machines at locations where people quickly get tempted to use digital currencies: Especially in holiday regions.

Moscow, Russia
It may not be installed yet, but for a country teeming with regulations, it’s just the beginning. At the Bitcoin conference on 23 April in Russia, the local company CoinSpot demonstrated a Lamassu Bitcoin vending machine to its visitors.

Bitcoin vending machine

Enough of Bitcoin machine stories?
Then we have a little bonus. Not only London has three working Bitcoin vending machines, it also looks like the Altcoins want to share the fun with the Feathercoin.