Anni Rautio, head of the debit card service of bitcoin wallet and storage company Xapo, made a recent announcement that according to card issuer Visa’s latest communication regarding different debit card programs, only customers in the European territory will be able to order new Xapo debit cards, this went into effect as of Tuesday, August 22nd.
In addition, Xapo must suspend service on all existing debit cards for users who live outside of the European territory by October 15th, 2017.
Rautio stated:
“The debit card has always been at the forefront of Xapo’s efforts to bring secure, bitcoin-based financial products to users around the world.”
“I sincerely apologize to all of our non-European customers affected by the changes. Please know that we are committed and already hard at work to find an alternative, improved debit card solutions for you.”
This news is all the more relevant with Xapo successfully securing an e-money license earlier this month from the Gibraltar Financial Services Commission (GFSC) to operate services across the EU.