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Tag: Distrubuted ledger technolgy

Bank of America Prohibits Customers From Purchasing Cryptos Using Their Debit & Credit Cards

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Tech

Bank of America Prohibits Customers From Purchasing Cryptos Using Their Debit & Credit Cards

In an interview on CNBC, Catherine Bessant of the Bank of America (BofA), said cryptocurrencies as payment system are “troubling,” as it makes it difficult to catch those who make use of the virtual currency for illegal transactions. Therefore, BofA will disallow the use of its credit or debit cards for the purchase of virtual currency. Crypto Is “Troubling” as…

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