Wells Fargo Credit Cards Canít Be Used To Buy Bitcoin

The cryptocurrency boom a few months ago enticed even people who know next to nothing about digital currencies to get in on the action as they dreamt about lucrative returns. Even if they didn’t have cash to buy digital currencies like bitcoin, they just used their credit cards for it. Banks were quick to prevent customers’ losses from piling up on their books so they started banning cryptocurrency purchases using credits and now Wells Fargo has joined that list of banks as well. JP Morgan Chase, Bank of America, and Citigroup are just some of the banks in the United States that don’t allow customers to buy cryptocurrencies with their credit cards. To be clear, their customers can purchase these currencies using their debit cards because it’s money out of their account, but it doesn’t allow them to do that on money borrowed through the credit cards.Wells Fargo has joined their ranks as well by confirming that it’s banning cryptocurrency purchases through its credit cards.

Wells Fargo Credit Cards Canít Be Used To Buy Bitcoin

The cryptocurrency boom a few months ago enticed even people who know next to nothing about digital currencies to get in on the action as they dreamt about lucrative returns. Even if they ...

Tue 12 Jun 18 from Ubergizmo

You can't buy bitcoin with Wells Fargo credit cards anymore

Wells Fargo is pumping the brakes on customers using their credit cards to buy bitcoin -- the bank has banned credit card cryptocurrency purchases. However, this isn't a permanent ...

Mon 11 Jun 18 from Engadget

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