Bank of America, JP Morgan Chase and Citigroup won't let you purchase Bitcoin on layaway
Photograph by Eduardo Munoz Alvarez/VIEWpress/Corbis by means of Getty Images
On the off chance that you were wanting to get in on the Bitcoin fever utilizing your Visa, you may be up the creek without a paddle. Three noteworthy banks have said that they won't permit digital currency buys on their charge cards, as per a report from Bloomberg.
Bank of America, JP Morgan Chase and Citigroup each affirmed to Bloomberg that they were stopping exchanges including computerized cash with their charge cards, in spite of the fact that Bank of America representative Betty Riess says that clients can in any case utilize their check cards. Capital One and Discover have already said that they won't enable their cards to be utilized for cryptographic money exchanges.
Bloomberg takes note of that computerized monetary standards can be an issue for moneylenders if clients can't reimburse advances, or if stolen cards are utilized to buy the untraceable cash. Digital forms of money can likewise be troublesome for banks to screen, which are required to pay special mind to indications of illegal tax avoidance.
Source:
https://bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards
https://www.themerkle.com/capital-one-refuses-to-let-customers-buy-cryptocurrency-from-any-exchange/
https://bloomberg.com/news/articles/2018-01-25/discover-ceo-says-there-s-a-reason-cardholders-can-t-buy-bitcoin