2018-6-13 00:55 |
Wells Fargo & Company, a San Francisco-based financial services giant, announced recently that it will no longer allow cryptocurrency purchases using its bank-issued credit cards.
Joining the Ranks
U.S. financial services company Wells Fargo and Company has announced that it will no longer allow customers to use bank-issued credit cards for cryptocurrency purchases.
The main concern, as expressed by a Wells Fargo spokesperson, lies within the high volatility of the cryptocurrency market:
Customers can no longer use their Wells Fargo credit cards to purchase cryptocurrency […] We’re doing this in order to be consistent across the Wells Fargo enterprise due to the multiple risks associated with this volatile investment.
Do you think Wells Fargo’s recent move to halt cryptocurrency purchases with credit cards will have an impact on the market?
The post Wells Fargo Halts Credit Card Cryptocurrency Purchases appeared first on Bitcoinist.com.
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