Lloyds bank UK joins US branches in denying purchasing Crypto with credit cards

In a sad day for banking in the Uk sees Lloyds join the ranks denying their customers the opportunity to buy crypto with their credit cards. ( it’s particularly sad for me as i bank with them) but I am not sure if this applies to debit cards, or for bank transfers.

Sadly they had decided to follow suit of their IS counterparts and stop all transactions as of yesterday. Preventing people buying any type of crypto with their credit cards for fear of losing their credit. They are following in the wake of last week JP Morgan Chase, BoA, and Citi group. Yet excerting more pressure on a highly volatile situation.

One analyst attributed the phenomenally high trading volumes ( nearly $20- 30 billion since the start of Feb) as being like a pressure cooker. With some exchanges buckling under the pressure and having to close new registrations for the moment.

Whatever is happening it’s certainly a white knuckler, hold on tight and strap yourself in because its going to be a hell of a ride.