|More from: | PaymentsSource ||
Wells Fargo & Co. customers hoping to use their credit cards to buy Bitcoin will have to look elsewhere.
While putting a prohibition on such cryptocurrency purchases for now, Wells Fargo “will continue to evaluate the issue as the market evolves,” Shelley Miller, a spokeswoman, said in an emailed statement.
Wells Fargo joins Citigroup Inc., JPMorgan Chase & Co. and Bank of America Corp., which limited cryptocurrency purchases on their credit cards in February, citing market volatility and credit risks.
Read full article » http://www.paymentssource.com/articles/wells-fargo-bans-cryptocurrency-purchases-on-its-credit-cards
About | PaymentsSource |
PaymentsSource.com is quickly evolving as the leading news and information resource for payments and financial-service professionals.
With its exclusive focus on the payments industry and a full-time editorial staff, PaymentsSource.com offers timely and comprehensive coverage of the rapidly changing payments business.