Cryptocarrency, Bank-Client 'conflict' in the United States

in #crypto6 years ago

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"Conflict" is increasing among customers interested in buying credit card companies and cryptancies, US news agency CNBC has said.

Banking and financial providers are checking policies to give customers the opportunity to purchase virtual currency or cryptocarrency Bitcoin with a credit card, Bank of America and CityGroup, both multinational corporations of the United States. Two weeks before the publication of this news, another bank of the country decided to ban the purchase of cryptocarrency with Capital One Financial Credit Card.

TD Bank, a subsidiary of the Toronto-Dominion Bank, confirmed the US media, that some bittacquines are not being allowed to process transactions due to security. Discovery Financial Services, the company has been effectively prohibiting purchasing cryptoscarency from their credit card since 2015.

The Wall Street Journal first published the news of bank of America's verification of the purchase of Cryptocarrency.

In the case of cryptocarcation transactions, there is a concern among the financial institutions that currency notes Discovery Chief Executive David Names said in Bloomberg on Wednesday that creating "headaches" for banks to buy cryptocarrency, it is necessary to monitor money transactions to prevent typing.

In the beginning of this month, financial transaction service providers have discontinued their relationship with VisaCryptorcerne card issuer Wavcrust. WaveCrust gives users the chance to convert their crypto currency into a prepaid card.

Investment and financial services company J.P. Morgan Chase still offers customers access to credit cards to buy cryptocarnation. The press questioned whether any change was made in this policy, but the company did not respond.

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