Quote from: Pursuer on March 10, 2018, 06:36:52 AM

Quote from: Snappycoco on March 10, 2018, 03:02:00 AM

Some banks and corporations said theyre halting purchases of Bitcoin and other cryptocurrencies on their credit cards.

this does NOT mean bitcoin is banned!
the only thing this means is that some company or bank decided they don't want to offer certain services. you can simply stop using those companies or banks and switch to some other places!

Quote

Some says that allowing purchases of cryptocurrencies can create big headaches for lenders, which can be left on the hook if a borrower bets wrong and cant repay.

this is 100% pure bullshit because that is why credit cards exist in first place and the credit card companies know this and are doing it because it is very profitable for them, specially if you can't repay on time.
they are pretending it is because of this to hide the fact that they are scared of bitcoin.

Of course they have to site customer safety, where they supposed to honestly say "We are banning use of credit cards for cryptocurrency purchases because we lose our control over you when you do this". Tough spot but you gotta give the public the PR bullcrap and worst part about it, is that you know majority of people probably ate that shit up left, right, and center.