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

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

Todd Anderson·
EuropeFintechNews Roundup
·Feb. 6, 2018·1 min read

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.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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BarclayscryptocurrenciesLloyds Banking GroupMastercardVirgin Money
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