Bitcoin Forum

Just received a message saying that they will stop issuing cards to out side europian countries.

You can check more details here - https://cryptocurrency-investments.blogspot.sg/2017/09/xapo-debit-card-will-stop-working-on.html

They may lose a lot of wallet users like me from this new rule. Earlier I was using this wallet because of no transaction fees but after they introduce a fee for transaction still was using it just because of a debit card. I can easily withdraw money from ATM. But now there is no need to keep this wallet. Need to find alternative Bitcoin debit card to withdraw cash from ATM.

Out of their new rules many starting to dislike xapo's transaction fee's. Their service is good but many did stopped using them.

And this is the only service that they can offer for those people that doesn't want to receive small amounts through their wallet.

But they started to limit it only for European countries? Xapo's targeting only European's huh?

Xapo is a good wallet til they don't want to be good again. They keep away me from my wallet by long answering mail, deny verify, talking around , no real support email on their main website, add real fucking expensive fees... So i decided to stop using xapo!

Very bad option, they should switch to Mastercard as some other providers did. Otherwise they ll lose a lot of business.

People need to understand they cannot STOP tech progress. No boundaries can contain that.

It's not really Xapo's decision because it is the actual debit card issuer that is deciding to close their service to people outside of the european union. I would assume that this is because of increasing government pressure and regulation worldwide.

But yeah, xapo is going to be pretty badly hit on this one. One of their main products that they offer is the xapo debit card.

Now that is gone, along with no fee transactions. I really can't see xapo going anywhere. They've got to be able to come up with something creative to gain some market share.

Exactly. This was likely out of their hands. What they should be doing now instead is to find a replacement issuer. I know this won't be easy, given tightening AML/KYC requirements and the increasing hostility of EU financial systems towards non-EU users. A lot of people used Xapo chiefly because of their fee-free transactions. The debit card made it worthwhile to stay. They might have foreseen this happening and prepared for it. They might want to look at partnering some of the recent card-focused ICOs. Monaco comes to mind.

But I suppose this is the price of mainstream adoption, Bitcoin users will eventually be subject to the same fiduciary requirements and restrictions if they want to spend it as fiat.