JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. banned the purchase of Bitcoin and other crypto money from their bank credit cards
South Korea's crypto money market transactions with real people's accounts after the virtual world's most popular way of payment came from the United States.
The largest US financial institutions, JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. prohibited the purchase of Bitcoin and other crypto money from their bank credit cards. JPMorgan spokesman Mary Jane Rogers said that they are making this decision because of the risk that may arise during transfers.
In a statement from Bank of America, it was announced that crypto transfers were stopped on Friday, the application covers all individual and corporate credit cards, but ATM cards will not be affected by the situation.
Citigroup spokesman Jennifer Bombardier said they will continue to monitor their policies, depending on the developments in the market.
Since December 18th, it has lost more than half of its value and has fallen below $ 8,000 for the first time since November. This rapid decline was due to increasing government restrictions, fear of manipulation, and the fact that Facebook would ban crypto money ads
Yep, Cryptocurrencies pose an imminent threat to Banks and corporate empires everywhere. Who in their right mind would continue to to pay these ridiculous fees when there are other options? :)