Category: Visa

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Visa Owns Up to Erroneous Error, Says Coinbase Isn’t to Blame for Draining Accounts

After duplicating charges and draining users’ accounts, Visa has accepted responsibility for the gross error — after initially claiming Coinbase was to blame. Over the past week, Coinbase users have been experiencing a rather unpleasant situation. Numerous users...

Passing the Buck – Visa Blames Coinbase for ‘Erroneous’ Error that Overcharged Customers, Drained Accounts

As was previously reported, Coinbase – one of the most popular digital currency exchanges – experienced one of the more egregious errors in recent cryptocurrency history by duplicating users’ past debit/credit card and bank purchases, effectively siphoning money...

Citibank India to Not Permit Card Customers Purchasing or Trading Crypto

Citibank India notified debit card and credit card clients via email on the 13:th of February they would no longer be able to participate in cryptocurrencies such as bitcoin. Citing regional and global concerns from regulators, the over...

Fearing Bitcoin and Seeking to Capitalize on Higher Fees, VISA and Mastercard Reclassify Crypto Purchases as ‘Cash Advances’

Just in time for what some savvy investors might construe as a 60%-off Bitcoin sale, VISA and Mastercard have decided to make buying cryptocurrency more expensive than ever. Bitcoin is “Cash”  Now? At some point during the last...

Bank of America Becomes the Latest Credit Card-Issuer to Ban Bitcoin

U.S. banks really aren’t big on bitcoin. That’s the inference to be drawn from a widespread crypto crackdown led by major financial institutions. Bank of America, the country’s second largest bank, is the latest player to give bitcoin...

Discover Card’s 44 Million Customers Denied Crypto

The credit card company crypto squeeze continued this week with Discover Card announcing it would not allow its customers to use their card on cryptocurrency exchanges. It’s the latest in a string of credit card purveyors to block...

Stripe is Withdrawing Support for Bitcoin Payments

Payment processor Stripe is halting bitcoin support. Declaring that “there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense,” the online payments specialist is calling it a day on cryptocurrency for the...

PR: Payment Gateway Graft Blockchain Launches Mainnet Ahead of Schedule

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content,...

Visa CEO: Bitcoin is Not a Payment System

Visa, the world’s largest credit card company, is widely regarded as being hostile to Bitcoin. It would seem intuitive that a traditional financial provider should look unkindly on anything that threatens its hegemony. Publicly, though, the company has...