The UK banking giant cited concerns over market volatility and consumer debt risks, arguing that sudden price drops could leave cardholders unable to repay borrowed funds.
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Barclays says no to crypto transactions using credit cards
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Barclays says its forthcoming prohibition on using Barclaycard credit cards for any cryptocurrency purchase is intended to protect customers from unmanageable debt that sudden crypto-price crashes could trigger.
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Barclays is a London-based universal bank and one of the United Kingdom’s largest credit-card issuers.
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