Virgin Money Prohibits Purchasing Cryptocurrency With Credit Cards

Fri, 02/09/2018 - 14:45
Alex Dovbnya
Cover image via U.Today

In addition to Lloyds Bank, Virgin Money has prohibited their customers from using credit cards to purchase cryptocurrency. Although clients cannot use their credit cards for digital asset purchases, customers can still use their credit cards to bet on horse races. This calls into question the risk associated with leverage that the bank is trying to eliminate.

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