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A growing number of big U.S. credit-card issuers are deciding they don't want to finance a falling knife.
JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. said they're halting purchases of Bitcoin and other cryptocurrencies on their credit cards. JPMorgan, enacting the ban Saturday, doesn't want the credit risk associated with the transactions, company spokeswoman Mary Jane Rogers said.
Bank of America started declining credit card transactions with known crypto exchanges on Friday. The policy applies to all personal and business credit cards, according to a memo. It doesn't affect debit cards, said company spokeswoman Betty Riess.
And late Friday, Citigroup said it too will halt purchases of cryptocurrencies on its credit cards. "We will continue to review our policy as this market evolves," company spokeswoman Jennifer Bombardier said.
(Score: 2) by requerdanos on Monday February 05 2018, @03:37PM
That's a dead tie for the dumbest thing I ever heard, no offense intended.
What's more, anyone who no longer needs their cryptocurrency balance is cheerfully encouraged to transfer it to me; I will deal with the hassles and problems for you. You can convert to Litecoin and send to Litecoin: LeqjwaBNTHjH3NyVXkGmSBL4eerDLKaBv1 [litecoin] or email me at requerdanos at freworld dot removethis info if you need an address in your cryptocurrency of choice (such as bitcoin).
Those cryptocurrency speculation problems will be long gone, along with your money. I am here to help.