/Banks ban credit purchase of cryptocurrency due to risks

Banks ban credit purchase of cryptocurrency due to risks



If you use your Bank of America-, JP Morgan Chase- or Citigroup-issued credit card to buy cryptocurrency, then you’ll have to find an alternative ASAP. According to Bloomberg, the banks have banned crypto purchase using their cards due to the virtual coins’ volatile nature. BofA has already started …

Source: Banks ban credit purchase of cryptocurrency due to risks