Sentences with phrase «declining credit card purchases of cryptocurrency»
Perhaps, this is part of the reason that BofA began declining credit card purchases of cryptocurrency earlier this month.
https://www.ethnews.com/
A Bank of America spokesperson also said in an email that the bank has decided to decline credit card purchases of cryptocurrencies.
In fact, Capital One recently tweeted «We currently decline credit card purchases of cryptocurrency.
«We currently decline credit card purchases of cryptocurrency.
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.