The Lloyds Banking Group has banned customers from using credit on a range of cards supplied by the group to buy crypto currencies. As of today, customers with Lloyds Bank, Bank of Scotland, Halifax and MBNA credit cards will not be able to invest in the likes of Bitcoin and Ethereum, no matter how good their credit ratings are. Customers will however be able to use their own money to buy Bitcoins. That's assuming you've got the cash; at the time of writing, one Bitcoin (XBT) is worth £5,256, or put another way, one British Pound will buy you just 0.00019 Bitcoins. A spokeswoman for Lloyds told Reuters that the move is intended to stop customers from running up massive debts as a result of buying currency on credit and then seeing the value of your investments fall rapidly. While the current XBT to GBP rate looks very healthy, consider that in mid December last year its value reached an all-time high of £14,133, over £8,000 more than what it's worth today. Read next: How to Buy, Sell, and Keep Track of Bitcoin Ethereum (ETH) has yet to scale such lofty heights, peaking at £1,011 last month. It's value has recently fallen, albeit not as sharply, to £520. Right now £1 will buy you 0.0019 ETH. This news follows in the wake of JP Morgan Chase and Citigroup blocking crypto purchases on credit cards, with a Chase spokeswoman explicitly telling Reuters that volatility was the reason for the ban, while a Citi spokeswoman declined to comment. In order to invest in cryptocurrencies, you'll need to download and install a broker app like Coinbase or Xapo, link a debit card, and start buying and selling, as you would if you were buying any other foreign currency. "Bitcoin "Blockchain" Necklace" by BTC Keychain is licensed under CC BY 2.0.
Wir nutzen Cookies auf unserer Website. Einige von ihnen sind essenziell für den Betrieb der Seite, während andere uns helfen, diese Website und die Nutzererfahrung zu verbessern (Tracking Cookies). Sie können selbst entscheiden, ob Sie die Cookies zulassen möchten. Bitte beachten Sie, dass bei einer Ablehnung womöglich nicht mehr alle Funktionalitäten der Seite zur Verfügung stehen.
The Lloyds Banking Group has banned customers from using credit on a range of cards supplied by the group to buy crypto currencies. As of today, customers with Lloyds Bank, Bank of Scotland, Halifax and MBNA credit cards will not be able to invest in the likes of Bitcoin and Ethereum, no matter how good their credit ratings are. Customers will however be able to use their own money to buy Bitcoins. That's assuming you've got the cash; at the time of writing, one Bitcoin (XBT) is worth £5,256, or put another way, one British Pound will buy you just 0.00019 Bitcoins. A spokeswoman for Lloyds told Reuters that the move is intended to stop customers from running up massive debts as a result of buying currency on credit and then seeing the value of your investments fall rapidly. While the current XBT to GBP rate looks very healthy, consider that in mid December last year its value reached an all-time high of £14,133, over £8,000 more than what it's worth today. Read next: How to Buy, Sell, and Keep Track of Bitcoin Ethereum (ETH) has yet to scale such lofty heights, peaking at £1,011 last month. It's value has recently fallen, albeit not as sharply, to £520. Right now £1 will buy you 0.0019 ETH. This news follows in the wake of JP Morgan Chase and Citigroup blocking crypto purchases on credit cards, with a Chase spokeswoman explicitly telling Reuters that volatility was the reason for the ban, while a Citi spokeswoman declined to comment. In order to invest in cryptocurrencies, you'll need to download and install a broker app like Coinbase or Xapo, link a debit card, and start buying and selling, as you would if you were buying any other foreign currency. "Bitcoin "Blockchain" Necklace" by BTC Keychain is licensed under CC BY 2.0.