blog.crypto.com/our-statement-regarding-wirecard-uk/ Following a notice regarding Wirecard UK by the FCA, we have just been requested to stop all activity on our card programs in the UK and Europe. Our customers in those two regions will not be able to top-up their cards or transact later today.
Our customer funds are safe. Our team is working on processing credits to the crypto wallets equivalent to the fiat balances held on the cards. We expect this to be completed within 48 hours.
Separately, we’re working on transferring the card program to a new provider, so that we can resume the issuing of cards in the UK and Europe and allow existing and new customers to benefit from our card program again.
We apologize for the inconvenience this has caused you.
Try harder you stupid fucks! Wire card is just the issuer, nothing to do with Crypto.com in anyway other than that.
Brody White
Inconvenient for sure, but users will suffer no loss and crypto.com will just find a new card provider. This may be a good chance to pick up some cheap MCO.
Robert Hughes
COPE HARDER
3/4 of fucking point of this ponzi root goldberg project is issuing working visa cards wich dont work now And you cant sell asset thats going to crash hard soon because you "staked it" in same root goldberg ponzi Meanwhile acuall not retarded cryprto users get 3-4x more apr in defi with no funds lockup or imaginary "staking" and use shit like monolith true NONCUSTODIAL wallets tied to visa
Keep following Kris and pray hes going to say funds are safu something that should not be thing in crypto funds should allways be safu since your keys ARE your crypto
nigger the shills were saying it was a scam and all our crypto would disappear.
im still earning.
Leo Martin
you don't even have a choice pleb. you're fucked. he's just pointing that out.
Isaac Jackson
fuck all my tokens are tied down at them for another 2.5 months. is this a vis major? can i somehow get them to let me sell? i won't be able to take advantage of the benefits they were supposed to give me
Gabriel Sanchez
Imagine buying and staking a worthless shitcoin to get credit card reward points LMAO. Now the demand is gone for that shitcoin you’ve got locked up bud.
If you wanted to stake, you could’ve used DeFi and staked a legitimate coin for as high as 30% APR.
I Use Wirex as a crypto card in the UK and it's still working
Michael Richardson
same. can move funds back and forth between cards as well, no sign of any issues from them either. they're issuing cards via the SG subdivision, not the one crypto.com is collaborating with, so that might be why.
Charles Ross
HAPPENING SELL YOUR SHIT TAKE YOUR LINK OFF OF THERE
Jace Campbell
Real talk this isn’t any actually a big deal aside from MCO dumping is it
Gavin Mitchell
Yes. Cards are still working in the US and it’s a good time to buy 50 mco if you don’t have one. Personally I’d rather just spend that on link but it’s up to you.
Asher Bell
American cards are still fine :)
Wanna know how I know you post in every CDC thread?
Benjamin Diaz
nvm it looks like wirex has nothing to do with wirecard anymore, they've ditched them in time
crypto.com just "refunded" (least on paper) all the loss wirecard bankruptcy costed to european card holders though. i know most of their customers don't care about unsustainable business models and believe there are people giving away free money to them because they're "early" in a company already pumped outside of this world, but this will still be a wake up call to some. are there really people above 120 iq who think there's a recovery for a company with such services (that keep giving away insane amounts of money independent of their income) from a crash? their business model can literally only work with a booming token and constant inflow of new customers.
I’m interested. What DeFi platforms provide such services ?
Benjamin Gonzalez
What's the best option if I also want the ability to transfer money to a more standard banking account like a stock exchange ? Wirex seems to have that option but what happens if you suddenly transfer 1 million worth of cryptos to it ? Do they also freeze your account and report you like a normal bank ?
ok tell me how the services they provide are sustainable without
1. hoping the market moves the way they expect it to, where a shittoken with many “stakers” on their platform actually going 100x being able to wreck them into insolvency on its own. (8% interest rate on CRYPTOCURRENCIES, deposit amount independent of how much they can actually put to use)
2. relying on new funds moving under their “care” that they can use to pay out their obligations generated by providing perpetual services to old customers they no longer require any new funds from. (e.g. 5% cashback on online purchases)
Anthony Phillips
1. Loans, liquidity, any other services. Not really anything shocking here unless you want to snap back and tell me that the defi solutions that do this don't count
2. No idea -- but I'm pretty sure that if my bank can provide me 5 percent on my credit card, they can provide me 3 percent on my purchases if I stake their token for 6 months.
