Categories: Crypto

Wirecard Debacle Forces to Find a new Card Provider

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.

A Tough Spot for

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, formerly known as MonaCo.

Following a very successful ICO in 2017 the project has continued to grow and evolve.

Related Post

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, 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 users, there shouldn’t be any long-term issues, but the coming days may be a bit uneasy.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Published by
JP Buntinx

Recent Posts

FPS boosting services on discord – are they worth it?

Looking through the official Valorant discord and browsing through the LFG chat, I noticed a…

13 hours ago

Sceptre Monitor Review – 27″ Curved Gaming Monitor (C275B-144RN)

Note: This review is in no way sponsored by Sceptre. I had no contact with…

1 day ago

XRP Price Analysis for August 4th – XRP Has All Chance to Fly High

On Tuesday, August 4th, the XRP is looking for a foothold to go on growing,…

1 day ago

How WhiteBIT Crypto Margin Terminal Compares to Established Players

Bitfinex, WhiteBIT, Bitmex, and Bybit are all crypto exchanges available to a global community of…

1 day ago

Are Bitcoin Casinos Worth Registering With?

Bitcoin is one of the most well-known crypto currencies around and can be used to…

1 day ago

Wacken is NOT Cancelled: Get Your Metal Fix Free with Wacken World Wide Virtual Concert

So when the 2020 edition was cancelled due to Germany’s restriction on large gatherings due…

6 days ago

This website uses cookies.