09.02.2018 Views

news

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Publication Date<br />

Headline<br />

Outlet<br />

URL<br />

Snippet<br />

05-Feb-2018<br />

Several major banks are banning customers from buying crypto on credit<br />

Smile & Mobile<br />

Click to open<br />

By Matthew Hughes<br />

Purchasing cryptocurrencies with a credit card is about to get significantly harder. Earlier<br />

today, the UK’s Lloyds Banking Group announced that it would prevent customers from<br />

purchasing cryptocurrencies with its credit cards. Lloyds Banking Group is easily of the<br />

largest retail banks in the UK, and dominates a massive swathe of Britain’s retail banking<br />

market. In addition to the eponymous Lloyds Bank, it also owns Halifax, Bank of Scotland,<br />

and MBNA. The ban solely relates to credit card transactions. Crypto purchases with<br />

Lloyds-issued debit cards should continue to work as normal. In a statement to The<br />

Guardian, Lloyds Banking Group…<br />

This story continues at The Next Web Click here to read entire article<br />

Source:: The Next Web

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!