Barclays to Ban Crypto Purchases via Credit Card
The British banking giant remains skeptical of cryptocurrency and will not allow clients to purchase crypto with the bank’s credit card after June 27.
At a time when almost every major banking institution in the world is embracing cryptocurrency, Barclays is taking a different approach, revoking clients’ ability to buy crypto with their credit cards.
According to its website, Barclaycard will begin blocking crypto transactions made with the service on June 27, “because a fall in the price of crypto assets could lead to customers finding themselves in debt they can’t afford to repay.”
It appears that clients can continue investing in crypto through bank wires and debit cards, but credit card payments will not be accepted. Despite…
