Virgin Credit Cards : No To Crypto
Shortly after Lloyds Bank announced that it would be banning customers from buying crypto-currencies such as Bitcoin using their credit cards, Virgin Money is now adopting the same policy.
Why?
The volatility of cryptocurrencies such as Bitcoin have led Lloyds, and now Virgin Money to try to protect their customers from running up large debts following a sharp fall in the value of a digital currency they’ve bought. Several of the biggest issuers of credit cards in the US including Bank of America, Citigroup, JP Morgan, Capital One and Discover, have also banned customers from using their cards to buy digital currency.