Lloyds Bank Tries to Save Customers From Loading up on Credit Card Bitcoin

By Gary Cutlack on at

The operator of the Lloyds Banking Group has placed a restriction on its customers who plan on using a credit card to buy magical future currency bitcoin, possibly saving your dad from making a huge mistake.

The ban covers all Lloyds Group financial properties -- that's Lloyds, Bank of Scotland, Halifax and MBNA -- and doesn't just apply to bitcoin. All of the new wave of cryptocurrencies dreamed up by entrepreneurs in pubs are included, with the bank saying: "...we do not accept credit card transactions involving the purchase of cryptocurrencies."

The good news for anyone wanting to burn away what little spare money they may have is that the group still allows the purchasing of cryptos via debit cards, so if you have a pittance laughably referred to as a house deposit that you fancy seeing halve in value over the next three days, your luck's still in. [Sky News]

Image credit: Unsplash

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