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Bitcoin price drops as major banks ban cryptocurrency credit card purchases

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 JP Morgan Chase Co., Bank of America Corp. and Citigroup Inc. all announcing that they were moving to ban customers using […] The post Bitcoin price drops as major banks ban cryptocurrency credit card purchases appeared first on SiliconANGLE.
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US Banks are Banning Purchasing Cryptocurrencies With Credit Cards

Biology / Paleontology : The Dragon's Tales

If you use your Bank of America-, JP Morgan Chase- or Citigroup-issued credit card to buy cryptocurrency, then you'll have to find an alternative ASAP. According to Bloomberg, the banks have banned crypto purchase using their cards ...

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...

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...

UK bank bans bitcoin purchases via credit card

Technology : Physorg: Technology news

Lloyds Banking Group on Monday joined major US banks in banning purchases of bitcoin and other cryptocurrencies via credit card amid debt and security concerns.

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