• Why Did Banks Ban Cryptocurrency Purchases Using Their Credit Cards
    Cryptocurrency

    Why Did Banks Ban Cryptocurrency Purchases Using Their Credit Cards?

    With the advent of the cryptocurrency era, it began to spread around the world. With its development, it took on a different face. Crypto has grown to the point where it is used worldwide for money transactions and purchasing goods. But Bank of Wells Fargo has controversially banned the purchase of cryptocurrencies using their credit cards. At the same time, Citigroup, Chase, Bank of America, and many other banks banned buying cryptocurrencies on their credit cards. Many banks worldwide have banned the use of credit cards to make cryptocurrency purchases. When using credit cards to purchase cryptocurrencies, those transactions began to be cancelled overnight, and some credit cards were cancelled.…