BlockFi Suspends Purchasing Privileges Effective 11/11

[FinStar]

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@RootDet wrote:

@FinStar 

For me, i think the biggest question is what Deserve/Evolve Bank wishes to do with us cardholders. If blockfi goes under, we are up for grabs for deserve to do as they wish. we just have to remember the lender is not struggling, so that gives hope. 

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Right.

That's a very good question since there's a lot of moving parts as it relates to what next steps are involved following the investigation plus any liability or fallout that comes out of that as well. I'm fairly certain there are some contractual ramifications with regard to Deserve's/Evolve Bank's CC and BlockFi's role as a whole but we shall see.

[12njoy]

@FinStar 

Yes Blispay.  I loved that card.  That one hurt

[FinStar]

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@12njoy wrote:

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@RootDet wrote:

@FinStar 

For me, i think the biggest question is what Deserve/Evolve Bank wishes to do with us cardholders. If blockfi goes under, we are up for grabs for deserve to do as they wish. we just have to remember the lender is not struggling, so that gives hope. 

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That's true.  Aren't they funding another card?  I know I have something else with them.  Is it upgrade?  I've see their name somewhere else in my list of cards.

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Evolve Bank & Trust is currently in the works of launching the Status Visa Signature in partnership with another FinTech, Status Money. But, I'm sure they're keeping a close eye on the recent BlockFi's developments.

[FinStar]

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@12njoy wrote:

@FinStar 

Yes Blispay.  I loved that card.  That one hurt

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Yup, it sure did.

R.I.P. Blispay ⚰️

[PapaTunde]

Goodby Blockfi Visa Card

Say hello to all your brothers and sisters in my sock draw

[OmarGB9]

See this is why FinTech cards seem to be kind of unreliable...

[Remedios]

Why did you have to include "no trolling" ... 

But yeah, what's so lovingly called *Fintech* happens to get rather gimmicky

I'm sure at some point wrinkles will smooth out but right now, it's financial form of clinical trial "Let's see if this works!!!"  

My personal rule, if gen Z thinks something is a good idea, imma heading out. 

[simplynoir]

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@Remedios wrote:

Why did you have to include "no trolling" ... 

But yeah, what's so lovingly called *Fintech* happens to get rather gimmicky

I'm sure at some point wrinkles will smooth out but right now, it's financial form of clinical trial "Let's see if this works!!!"  

My personal rule, if gen Z thinks something is a good idea, imma heading out. 

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Good rule of thumb that I follow: never be the first group to try product/service out, first generation of anything is always a 💩show whether it be a car, device or whatever

[Gmood1]

The card could end up under a different company. 

https://blockworks.co/news/binance-us-coinbase-curve-in-bidding-war-for-blockfi-credit-card-customer...

[cashorcharge]

I had posted in the news on FRI about them not allowing rewards withdrawls, though since I'm not a cardholder...I'm just stuck in their email...I had not seen this message.  That's too bad.  I recall your approval with them was pretty nice @FinStar when we started chatting about it way back when...