Bank of America started declining transactions with cryptocurrency exchanges on Friday; JPMorgan Chase enacted the ban Saturday.
Jamie Dimon, the chief executive of JP Morgan, has been a vocal adversary of the movement calling it a fraud. That JPMorgan, Bank of America, and Citigroup are all trying to freeze Bitcoin in its track is not surprising, as theres been a massive surge of mainstream interest that I call the Crypto Singularity.
In the west payments, credit cards and access to cryptocurrency exchanges remains a confusing mess and primitive user experience for the consumer.
https://medium.com/@Michael_Spencer/banks-are-banning-bitcoin-buys-via-credit-cards-76e956e73cde