RE: Customers banned from buying Cryptocurrencies with credit cards.

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Customers banned from buying Cryptocurrencies with credit cards.

in crypto •  7 years ago 

Note it's credit cards (not current accounts). Lloyds don't want customers borrowing money to invest in crypto - and then suffer losses. It's fine to invest and lose money that you already have.

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Like all rules, if you implement some that people don't mind abiding by it is much easier further down the line to implement ones people aren't happy about. :-D

That's why I said it was a good thing. Stops you buying crypto with money you don't have. Unless of course, it's a mobile phone, sofa, cooker freezer or 110" inch TV https://goo.gl/7ZJ8qA