donvoto 1 #1 Posted August 20, 2017 Dear all, I have been working on setting up an service for Instant exchange of crypto currency to Fiat cash +ATM Card ,my works have almost completed.Planned for a launch in 40days in asia and africa. Sudden change in policy by visa and master card ,They have announced to there principal member of visa and master that cards can not be issued other than the country or/continent of membership which is EU in most of the case of membership. Would like to have some light of knowledge sharing by the esteem forum members. Quote Share this post Link to post Share on other sites
Terrakium 0 #2 Posted August 20, 2017 Source of informations? I'm not sure about what you're saying Quote Share this post Link to post Share on other sites
donvoto 1 #3 Posted August 20, 2017 Information is from the principal member of visa, wavecrest . I just got this information 2 days back as its still not made public by the organisation. I am building an exchange platform for BTC and ETH so i was in touch with wavecrest as i am using there API for debit cards. I was informed by the team that visa have send them an notice to stop issuing all debit cards other than EU region and may be the ones issued will be cancelled. Wavecrest needs to now rework on the banking partners in other countries to use there BINs so that there business will not be affected. Since i was working on my portal development they informed me to keep this changes in mind and work around the API as cards can not be issued to non EU countries as of now. I would like to know if any one here have any idea on E Exchange licence company in Asia and if they give me any lead that would be great . been developing the exchange platform and this debit card platform for almost 7 months now planning for a soft launch in a month .... Need to look for Investors for liquidity and bug fixing and so on ... But this information from wavecrest is adding more situations. Thanks and Regards Don Quote Share this post Link to post Share on other sites
Terrakium 0 #4 Posted August 20, 2017 Oh ok I understand. I have a bitwala debit card, but since I'm in Europe it shouldn't cause any issue, right? Quote Share this post Link to post Share on other sites
donvoto 1 #5 Posted August 20, 2017 where was the card issued ? if its EU and the company who issued is from EU then no problem.... I guess the KYC norms are getting little complected and the banks are afraid about their business model after the coin platform and the growth Quote Share this post Link to post Share on other sites
Terrakium 0 #6 Posted August 20, 2017 I'm not sure but Germany. Anyway it's from Europe Quote Share this post Link to post Share on other sites
donvoto 1 #7 Posted August 21, 2017 then its not an problem Quote Share this post Link to post Share on other sites
