If I'm not mistaken, there was one article about the CEO of Visa declaring bitcoin a fraud or bubble or something to that effect. I can't remember correctly though.

Well, this is no surprising news. We all know that bankers really hates bitcoin and this declaration is another way of waging war against bitcoin. But why are you sad though? They are leading a smear campaigns against bitcoin and I'm sure that we can find others way to transact without Visa sponsored card.

Its not like the end of world for bitcoin. We all know that this will be forthcoming admit it or not. There are really feel threaten by crypto specially that its gaining ground once more. So be it, they started the war many years ago and I don't think can stop bitcoin though.

Now let's keep information at least somewhat real.

This is an issue that came to pass with a company called Wave Crest, a Gibraltar company that is a principal member of VISA and MasterCard circuits.
VISA decided to demand they stop processing payments for the crypto-related cards in given regions.

One would have to know the actual reasoning for it to be fully clear, but it is most likely due to the fact that Wave Crest is not an internationally present company and is issuing cross-border with Gibraltar money license.

If VISA had any intention of actually "banning" bitcoin in general, they would not have onboarded Monaco as a member.

Finally found a decent article:


http://www.telegraph.co.uk/technology/2018/01/05/visa-locks-bitcoin-payment-cards-crackdown-card-issuer/

Yeah  

MyChoice Prepaid Card is issued by Wave Crest Holdings Limited pursuant to a license from Visa Incorporated

Source: https://www.cardholderonline.com/wap/ (footer)

On Spectrocoin it says Status: Active but on MyChoice it says Status: Blocked so... I suppose it does affect those cards as well.

They never actually agreed with Bitcoin much, they were against it since the beginning. Banks will soon wage war on crypto and it's gonna get more intense. Wait and see.

Worse for VISA then. There are many initiatives out there that target the market. For example, FuzeX seems to be an ideal replacement for cards, so VISA may try to prevent the future from happening at their own risk.

there is also this topic about that -> https://bt.irlbtc.com/view/2695939.0
and if you search wikipedia for it -> TOP MONOPOLY ->
Anti-trust issues in Europe , etc....  ->
https://en.wikipedia.org/wiki/Visa_Inc.

For me not big problems,there is still master card in europe and online wallets what are accepting diffrent crypto
But if we combine that with banks what dont want support exchanges and thay are even suspending consuments accounts than it is not so funny

OFC (of course) it's direct competition that's effecting their bottom line...what did you expect?

Well, if this is true, then much ado for nothing. I think the war on Bitcoin, if at all, would be made on a different level of actions. This has been likely just a marginal episode.