Wells Fargo Bars Its Credit Card Holders from Purchasing Crypto

[kreslik.news]

Wells Fargo, America’s third-largest bank, has recently banned its customers from purchasing Bitcoin or any other cryptocurrencies using the bank-issued credit cards.

In a statement on Monday, a spokesperson from the bank said: “Customers can no longer use their Wells Fargo credit cards to purchase cryptocurrency.”

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With this decision, Wells Fargo joined the likes of a few other Wall Street giants – J.P. Morgan, Citigroup, and Bank of America.

Similar to other hostile banks, Wells Fargo cited the volatility-associated risks as a reason for this ban.

“We’re doing this in order to be consistent across the Wells ... (read more)