Lloyds Banking Group Blocks Bitcoin Purchases Using Credit Cards252.38

A major U.K.-based banking institution is reportedly barring its customers from using credit cards to buy bitcoin and other cryptocurrencies. According to report from the BBC, the ban applies to the Lloyds Banking Group's eight million credit card holders and takes effect on Feb. 5 across its subsidiaries, including Lloyds Bank, Halifax, MBNA and Bank of Scotland. As reported by CoinDesk previously, Bank of America and JPMorgan Chase have both also barred the purchase of bitcoin for customers using credit cards this month. A Lloyds spokeswoman responded to BBC that the policy change is a result from its current review of its banking products.
Original source

Add comment

Please Sign in to be able to leave comments.