Cryptocurrency startup Coinbase said Tuesday that its U.S.-based users won’t be able to add new acclaim cards as a acquittal option.
Making the advertisement through its official blog column on Feb. 13, Coinbase said the belvedere currently is clumsy to action a bland acclaim agenda acquirement experience. As a result, it has “disabled abacus new acclaim cards as a acquittal adjustment for U.S. customers.”
The move is a aftereffect to the platform’s antecedent acceptance that acclaim cards issued by four U.S. banks are barred from actuality acclimated to buy cryptocurrencies. Coinbase said, however, that debit cards abide as a acquittal option.
“We apperceive abounding barter accept added acclaim cards as their primary acquittal method; we did not accomplish this accommodation lightly,” the aggregation said in the post. “We are actively alive with agenda networks and agenda issuers to acquisition a continued appellation solution. For barter in the UK, EU, Canada, Australia and Singapore, we are accession acknowledgment and evaluating agnate changes.”
In addition, the belvedere said users who accept already affiliated acclaim cards to the Coinbase belvedere can abide application them “so continued as your coffer allows them.”
As appear previously, at atomic four banks in the U.S. – JPMorgan Chase, Coffer of America, Citi and Capital One – accept barred acclaim agenda holders from authoritative purchases on the exchange.
Other banks accept confused added broadly to appoint such impositions. Australia’s Commonwealth Bank announced Wednesday that it will block acclaim agenda purchasing on cryptocurrencies, and the U.K.-based Lloyds Banking Group has additionally ahead issued the aforementioned action for several of its accessory banks.
Disclosure: CoinDesk is a accessory of Digital Currency Group, which has an buying pale in Coinbase.
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