All Insights|Future Nexus
fintechFebruary 6, 2018

UK Banks Debate About Allowing Customers to Buy Cryptocurrencies Using Credit Cards

Lloyd’s Banking Group and Virgin Money recently banned customers from using their credit cards to buy cryptocurrencies; customers will still be able to use their debit cards to buy cryptocurrencies but for fear they could go into debt they do not want credit cards being used; other card issuers like Barclays and Mastercard say they are reviewing the crypto space but no decisions have been made. Source.