• Wells Fargo customers can still buy guns with a credit card, but not bitcoin

    13 days ago - By CNBC

    Wells Fargo joined a growing list of banks banning the purchase of cryptocurrencies like bitcoin on credit cards but has bucked the trend on restricting purchases of firearms.
    Read more ...

     

  • Wells Fargo Is the Latest Bank to Bar Consumers From Buying Bitcoin While Using Its Credit Cards

    14 days ago - By Fortune

    Yet another banking giant, worried about the asset's volatility, is banning cryptocurrency purchases using its credit card.
    America's third largest bank by assets, Wells Fargo , said Monday that customers will no longer be able to purchase Bitcoin and its ilk using credit cards issued by the firm. The decision follows on similar announcements made by J.P. Morgan, Citi, Bank of America , as banks and payments processors feared that the asset's wild price swings could cause buyers to renege on payments back to the bank .
    “Customers can no longer use their Wells Fargo credit cards to purchase...
    Read more ...