Sentences with phrase «credit card purchases of cryptocurrency»
Perhaps, this is part of the reason that BofA began declining credit card purchases of cryptocurrency earlier this month.
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Citigroup said in a statement that «We have made the decision to no longer permit credit card purchases of cryptocurrency.
Capital One banned credit card purchases of cryptocurrencies last month, and Discover has had a ban in effect since 2015.
Coinbase had previously announced to its customers that several large US banks had either changed the way they were processing credit card purchases of cryptocurrencies or were banning their cardholders from using their credit cards to purchase cryptocurrencies.
Restrictions of several banks worldwide aimed at limiting credit card purchases of cryptocurrencies can be seen as a refusal to take pains to actively work with cryptocurrency exchanges to ensure more transparency on fiat transactions, according to Glucksmann.
In fact, Capital One recently tweeted «We currently decline credit card purchases of cryptocurrency.
Citigroup said in a statement that it has «made the decision to no longer permit credit card purchases of cryptocurrency.
The switch coincided with several banks» decisions to ban credit card purchases of cryptocurrency, which may have triggered direct debits from customers» accounts instead.
A Bank of America spokesperson also said in an email that the bank has decided to decline credit card purchases of cryptocurrencies.
Similarly, Citigroup said in a statement that it has «made the decision to no longer permit credit card purchases of cryptocurrency.»
«We currently decline credit card purchases of cryptocurrency.