«We currently
decline credit card purchases of cryptocurrency.
In fact, Capital One recently tweeted «We currently
decline credit card purchases of cryptocurrency.
A Bank of America spokesperson also said in an email that the bank has decided to
decline credit card purchases of cryptocurrencies.
Perhaps, this is part of the reason that BofA began
declining credit card purchases of cryptocurrency earlier this month.
Not exact matches
On the other hand, Capital One told ETHNews that it «has started
declining credit card transactions to
purchase cryptocurrency due to the limited mainstream acceptance and the elevated risks
of fraud, loss, and volatility inherent in the
cryptocurrency market.»
The decision to ban
cryptocurrency purchases with certain
credit cards follows the sharp
decline virtual coins have suffered after going through the roof at the end
of last year.
Bitcoin
declined for a fifth day, breaking below $ 7,000 for the first time since November and leading other digital tokens lower, as Lloyds Banking Group Plc joined a growing number
of big
credit -
card issuers halting
purchases of cryptocurrencies on their
cards.
«Capital One is currently
declining credit card transactions to
purchase cryptocurrency due to the limited mainstream acceptance and the elevated risks
of fraud, loss, and volatility inherent in the
cryptocurrency market.