- Visa has issued guidance requiring memecoin credit-card payments to be classified as standard cryptocurrency transactions rather than digital media, according to the report.
- As early as next week, Visa’s cryptocurrency payment restrictions could also apply to memecoin purchases, potentially limiting existing points and cashback perks, the report said.
- Chase and the New York Attorney General’s Office said they have raised or are reviewing the issue of how memecoin payments are classified by Visa, while any guidance from Mastercard has yet to be disclosed.
Forecast Trend Report by Period
Visa is moving to stop the practice of classifying credit-card purchases of memecoins as…
