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RE: Credit Card Companies Admit To Predatory Lending Practices By Banning Bitcoin Purchases

in #bitcoin7 years ago

As if the couch you just bought with your credit card didn’t go down 50% in value once it left the showroom floor. The point of credit from credit cards is that it’s your credit to do with as you please, otherwise known as unsecured credit. I have to think that banks and credit card companies that are banning transactions for crypto are genuinely worried about losing their business as people transition to being their own banks and creditors. Resteemed.