Good Riddance Wellsfargo....Closing almost 800 Banks by 2020.
http://money.cnn.com/2018/01/12/investing/wells-fargo-shutting-branches/index.html
It seems that with all the fake accounts made to make themselves look better than they really were, is now hitting their pockets. I think aside from that, Wellsfargo is no longer letting people spend money the way that they want, more over if you are trying to make money outside the banking system, as most of on here are, then you are screwed. So what do you do....well you get yourself a cryptocurrency debit card.. Here is a list of them that i would suggest.
Xapo remains one of the most famous digital currency cards in Europe. Xapo became famous from Argentina where Uber started using this card since other card companies in the country were not willing to let Uber use their services. Unfortunately, the card is currently not available to the US customers. Here are some pros and cons of the card.
Pros
Convert your digital currency to fiat currency for no fees.
While the annual fee for the card is USD 12 or EUR €10, the first year is completely free.
Security measures taken by the company are pretty good.
The card is available in plastic form.
Cons
There is no anonymity.
Not available in a long list of countries as of now.
Xapo manager believes people have to embrace the non-anonymous nature of digital currency debit cards.
Xapo official website ranks at 7365 globally and 1939 in Spain. The ranking for the website has gone down a bit in the recent months, but the company is still able to get over 2 million views every month from unique and repeating visitors included.
This card is the one you want to get if you live in the US because you can use it in any corner of the country. However, this is a more prepaid card than a traditional debit card. You convert the bitcoins into normal currency and load into the card. Due to its convenience of usage, it is often known as one of the painless cryptocurrency debit cards. Here are some of the pros and cons of Bitpay.
Pros
Can be used in any state of the US.
A well-known company, so trust issues with security are little to none.
Can be used on ATMs that accept Visa cards.
Cons
Digital currency needs to be converted and loaded into the card before use.
Users have to give social security number while ordering the card.
$2 fee for every ATM transaction. $3 fee for ATM transactions out of the US.
Globally, the Bitpay website ranks at 18,508 according to Alexa and at 9,118 in the United States. In the past 30 days, the website was able to get more than 1 million visitors.
The best thing about Bitwala is that it allows you to pay your bills using the card, i.e., bitcoins. By partnering with ShapeShift Exchange, Bitwala allows you to load your card with your desired cryptocurrency in addition to bitcoins.
Pros
Available in plastic and virtual form.
One of the most affordable cryptocurrency debit cards.
This service allows top ups with any crypto currencies.
You pay low fees on ATM cash outs.
Cons
Not available for US citizens as of now.
The service does not have its currency exchange platform.
Bitwala website is currently ranked 164,094 and 23,619 globally and in the UK respectively. Being a new website, their monthly visitor mark of more than 150,000 visitors per month is pretty appreciable.
This card is prepaid with loaded bitcoins on it. You are not charged any fees for loading bitcoins on the card which makes it one of the affordable ones.
Pros
You can use the card anywhere in the world where Visa and MasterCard are accepted.
Cards available in GBP, EUR, and USD.
Can be bought in physical plastic form and online form.
The card can be loaded with other digital currencies than bitcoins too.
Windows smartphone application is also available
Cons
Requires verification from users when higher limits are to be availed.
The physical card can sometimes take up 2 or 3 weeks to be delivered at the doorstep.
SpectroCoin website gets more than 1.4 million visitors every 30 days. Their global rank is 12,734, and Russian rank is 5,002.
If you want to play it safe and do business with the most trusted ones, CryptoPay is for you. They have been in the industry than any other company has. The physical card has the chip and pin, which is something missing on many other famous cryptocurrency debit cards.
Pros
Most trusted and tenured company.
Cards can be used worldwide.
Virtual and plastic cards available.
No verification for customers with low debit card limits.
Cons
Verification still needed with high debit card limits.
Charges for loading credit.
ATM usage costs can be as high as $2.5.
1% conversion fee of digital to fiat currency.
CryptoPay website has a 21,678 ranking worldwide and 6,473 ranking in France. They have been visited by over 900,000 visitors in the last 30 days.
Source : https://icoinblog.com/top-5-cryptocurrency-debit-cards-2017/
Personally, I am glad that Wellsfargo is closing some stores. How are they to say what I can and cannot do with my money. Hopefully there will be a place soon that can buy mortgages, so that I can get away from Wellsfargo all together and get on the crypto 100%. Things to think about, as time goes on and we will see what happens.
got your message, cards on the way (same as Dave ordered ) , have fun :)
The only bank I hate worse is Chase