Banks Banning Crypto purchases with credit card

in bitcoin •  7 years ago 

Reports today of 2 of the biggest banks in the world in Bank of America (aka bank of shit) and JP Morgan will reportedly disable customers to purchase BITCOIN with credit cards starting in February of this year essentially starting this weekend. Ironically a perfect time to load up on Bitcoin with this bloodbath of a market going on. Bank of America is still allowing Debit/ATM cards though for customers to purchase cryptocurrency. It seems the main concern for these banks are the idea that customers would purchase more cryptocurrency than they can afford with credit cards as well as money laundering and credit theft resulting in hidden crypto holdings. bank.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @istrassenkicker! You have received a personal award!

1 Year on Steemit
_Click on the badge to view your Board of Honor.

Do you like SteemitBoard's project? Vote for its witness and get one more award!

Congratulations @istrassenkicker! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!