Wells Fargo Bans Cryptocurrency Purchases on Its Credit Cards
A few Canadian banks did this back in December.If this upsets you view it through the lense of risk management than any sort of value judgement of crypto currencies.If the rate of charge backs starts climbing the issuing bank will take notice.  Investing is not something that should be done on credit, especially for something with the volatility of crypto currencies.> A study conducted by LendEDU last year found that roughly 18 percent of Bitcoin investors used a credit card to fund the purchases. Of those, 22 percent couldn’t pay off their balance after buying the digital coin.This is just depressing:(