Edge has 'temporarily disabled' its new Confidential Mastercard after a surprise pushback from the credit card giant 😬
Edge has confirmed its new "Confidential Mastercard" has been temporarily disabled because of "unanticipated challenges."
But the announcement was clouded by Mastercard telling CoinMarketCap that it hadn't approved its branding to be associated with such a product. While Edge stressed it's confident that the product "is in full compliance with the rules" — both from regulators and Mastercard itself — the company admitted it's been asked to take down its content and suspend the product for now."Rest assured that nobody’s funds are at risk… We can assure you that all parties involved are putting 100% of their efforts into resolving this successfully and as quickly as possible, and we appreciate your patience as we work to do so.
Meanwhile, Mastercard appeared to have been taken by surprise by Edge's release — so much so that the payments giant's representatives ended up emailing journalists to row back on the story once it was published.