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Major Banks Ban Cryptocurrency Purchases On Credit Cards

Some of the world's largest banks announced on Friday that customers are now prohibited from buying cryptocurrencies with credit cards, citing market volatility. More »      
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Banks ban cryptocurrency buying with credit cards

Technology : Venture Beat

(Reuters) — Banks in Britain and the United States have banned the use of credit cards to buy Bitcoin and other “crypto currencies”, fearing a plunge in their value will leave customers unable to repay their debts. Lloyds Banking Gr...

Bitcoin price drops as major banks ban cryptocurrency credit card purchases

Technology / Internet : SiliconANGLE

The price of bitcoin dropped again in trading over the weekend as banks in both the United States and the United Kingdom imposed bans on customers using their credit cards to purchase cryptocurrencies. The bans started Friday with J...

Major Banks Ban Cryptocurrency Purchases on Credit Cards

Technology / Hardware : Extremetech

The banks don't want customers charging crypto purchases because it's volatile and a high credit risk. The post Major Banks Ban Cryptocurrency Purchases on Credit Cards appeared first on ExtremeTech.

Several major banks are banning customers from buying crypto on credit

Technology : The Next Web Blog

Purchasing cryptocurrencies with a credit card is about to get significantly harder. Earlier today, the UK’s Lloyds Banking Group announced that it would prevent customers from purchasing cryptocurrencies with its credit cards. Lloy...

Bitcoin crash and cryptocurrency scams spook credit card firms, sources say

Business & Finance : LA Times: Business

America’s largest banks had myriad worries in mind when they rushed this week to ban customers from using credit cards to buy cryptocurrencies. Bitcoin’s gut-wrenching slide was just one of the threats. JPMorgan Chase & Co., Bank of...

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