Banks Are Worried About Their Customers Buying Cryptocurrency
Bitcoin and other cryptocurrencies are on the rise and although prices have been fluctuating immensely it is still penetrating mainstream financial institutions. Big banks are starting to look into the application of Bitcoin and are a bit worried about the ipact the volatility could have on their customers. According to the Business Insider, there is believed to be a growing number of people maxing out their credit cards to buy cryptocurrencies in the hope that their price will appreciate.Some lenders have actually banned their customers from using credit cards to buy cryptocurrency in order to protect them from experiencing heavy losses.