Various companies within the cryptocurrency space have been affected by the Wirecard debacle. It puts a very different spin on the concept of crypto debit cards, as this industry takes another big hit.
Most people will have heard of what happened to Wirecard.
The German firm’s account practices have created a lot of problems.
As one would expect, this also affects third parties making use of what this company has to offer.
One of the companies affected is Crypto.com, formerly known as MonaCo.
Following a very successful ICO in 2017 the project has continued to grow and evolve.
Despite issuing a crypto debit card in a lot of regions, that will now come to a halt.
Moreover, the company has to ensure user funds are safe and reimbursed accordingly.
This particular process is being taken care of and should be completed within the next few business days.
Moreover, Crypto.com will need to find a long-term solution for its crypto debit card project.
For now, the card program will be transferred to a new company, albeit no details have been specified yet..
For Crypto.com users, there shouldn’t be any long-term issues, but the coming days may be a bit uneasy.
Looking through the official Valorant discord and browsing through the LFG chat, I noticed a…
Note: This review is in no way sponsored by Sceptre. I had no contact with…
On Tuesday, August 4th, the XRP is looking for a foothold to go on growing,…
Bitfinex, WhiteBIT, Bitmex, and Bybit are all crypto exchanges available to a global community of…
Bitcoin is one of the most well-known crypto currencies around and can be used to…
So when the 2020 edition was cancelled due to Germany’s restriction on large gatherings due…
This website uses cookies.