Stock Market Collapses
..................................................................................................................................................................
Numerous banks ban customers using credit cards to buy cryptocurrencies
immediately afterward
The Dow Jones industrial average dropped 1,175.21 points
cause and effect?
You decide.
Yep...this is the relevant "memo"...that the virtual world currency has busted a move and pissed on a bed, filled monopoly money.
Like I said...look for the MAGACOIN...in the near future...I bet Don Jr is looking into it right now...
I hope they don't name the Crypto TrumpCoin... what would the never thumper's do then...
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They're coming out with a silver related crypto in the near future... maybe as soon as next month.
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Banks also ban crypto purchase with credit cards. Sources of funds are being restrained and that certainly will decrease money flow into crypto. Difficult, but people will find ways to off shore accounts.
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I don't believe this was cause and effect. Just interesting coincidence of timing.
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Correlation doesn't imply causation - but it sure do smell suspicious!
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Not ALL banks. It's time to switch to credit unions, which give much better service overall.
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good post
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really ? i think you create a great information....i waiting for your next post brother...
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American banks?
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Crypto is a direct threat to retail banking. We can expect them to come out fighting to defend the status quo... round 1 has begun
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I think it's more a case of the deep state trying to punish Trump for releasing the memo. They can manipulate the markets from the basement of the Treasury. Trump bragged about the markets in the SOTU so now they're after him for the memo... remember it's an election year!
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I wonder if Wells Fargo was one of those banks...
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I was sitting here look at this post thinking the same thing
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I invite you to read my post, talk about the same topic
https://steemit.com/cryptocurrency/@carloamc/bank-of-america-and-citi-group-prohibit-to-buy-criptomonedas-with-their-credit-cards
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Wonder if “credit cards” includes “debit cards”? Can understand not allowing people to use credit cards.
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The rejected stone will one-day be the cornerstone of the house.... This is all I have to say for now
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