Three major US banks, JP Morgan, Bank of America and Citi, have banned Bitcoin trade using their credit cards.
US banks are preventing customers from making credit card purchases for Bitcoin because the price fluctuations are continuing on the biggest crypto paradise
Three big American banks forbid Bitcoin shopping
According to CNBC, JP Morgan Chase and Bank of America will ban Bitcoin's purchases, which have suffered major losses since the last year. According to Bloomberg, Citigroup also joined the bill.
Credit card providers that allow transactions with crypto money exchanges may be at greater risk than ever due to the tremendous volatility of assets.
Yesterday, the price of Bitcoin fell below $ 8,000 for the first time since it rose to almost $ 20,000 in December.
JP Morgan's CEO, Jamie Dimon, is among the most obvious skeptics in digital currencies.
Nouriel Roubini, a New York University economist who predicted the financial crisis, said that Bitcoin is "the biggest of all bubbles."
Solution if you don’t have a bank account and want to buy Bitcoin with your credit card: buy a $500 visa gift card first and then use that gift card on the exchange.
I’ve done this before and sometimes particulate stores disallow you from purchasing the gift card with a credit card, but a majority have not cared. You will be charged a small fee for the purchase of the card but if you’re dead set on buying crypto with a credit card, this will work for you.
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Upvote resteem... Nice post.. Thanks for shear it.
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The idea that banks can ban people from buying something with their own money is ridiculous. Who the hell do they think they are? Crypto volatility is not news. I think we are adult enough to handle our own investments? It's so blatantly obvious that banks take advantage of the mass, and some people really believe that the banks are trying to protect consumers LOL.
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