LONDON (Reuters) – Barclays is acceptable to chase added above lenders in the United States in endlessly barter from affairs Bitcoin and added cryptocurrencies with its acclaim cards, according to an account with a chief controlling at its acclaim agenda unit.
“We are authoritative the accommodation that we will acceptable no[t] acquiesce cryptocurrency purchases on the card,” Paul Wilmore, managing administrator at Barclaycard, told Coffer Innovation blog.
A backer for Barclays in London said that the coffer is reviewing its action on a country-by-country base and that it had not yet afflicted its policy.
Barclaycard is one of the better acclaim agenda providers in both Britain and the U.S. that is yet to formally advertise a ban on agenda purchases of agenda currencies.
Lloyds Banking Group Plc, which issues aloof over a division of all acclaim cards in Britain, and Virgin Money appear such a ban aftermost week, afterward the advance of JP Morgan Chase & Co and Citigroup.
The moves are aimed at attention barter from active up huge debts from affairs basic currencies on credit, if their ethics were to plummet, a Lloyds backer said aftermost week.
(Reporting by Lawrence White; alteration by Alexander Smith)
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