Discover Card’s 44 Million Customers Denied Crypto
The credit card company crypto squeeze continued this week with Discover Card announcing it would not allow its customers to use their card on cryptocurrency exchanges. It’s the latest in a string of credit card purveyors to block access.
Discover CEO David Nelms, 56, told Jennifer Surane, “It’s crooks that are trying to get money out of China or wherever. Or if someone steals our credit card numbers they’re going to ask for payments in Bitcoin. Those are the only use cases I’m actually seeing today,” he dismissed, giving a decided thumbs down to cryptocurrency as a phenomenon. It’s “not like our customers are clamoring to use it.”
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