The big Amarican banks JPMorgan Chase and Bank of America made it
impossible to buy bitcoins and other cryptocurrencies with your creditcard. They want nothing to do with the risks that the transactions of the digital currencies bring with them.
Bank of America stopped all payments between creditcards and trading places for cryptocurrencies last friday.
That rule is for also private and business use of the creditcards. Saturday the JPGMorgan bank followed.. Also other banks like Citigroup are checking if they want to forbid the payments between creditcards and trading places for cryptocurrencies. Accourding to the banks, there are next to the financial risks also chances that criminals abuse the creditcards with transactions of the digital cryptocurrencies.
source: belegger.nl
They will soon regret this, crypto is going to be the only monetary exchange only a few years down the road.
Yes, indeed! They are trying to hold back the growth of cryptocurrencies. Just because they don't have the power over the digital cryptocurrencies like they have over normal money.
Exactly. They have held the puppet strings for years, but we are breaking loose.
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