LONDON (Reuters) – Barclays
“We are making the decision that we will likely no[t] allow cryptocurrency purchases on the card,” Paul Wilmore, managing director at Barclaycard, told Bank Innovation blog.
A spokeswoman for Barclays in London said that the bank is reviewing its policy on a country-by-country basis and that it had not yet changed its policy.
Barclaycard is one of the biggest credit card providers in both Britain and the U.S. that is yet to formally announce a ban on card purchases of digital currencies.
Lloyds Banking Group Plc
The moves are aimed at protecting customers from running up huge debts from buying virtual currencies on credit, if their values were to plummet, a Lloyds spokeswoman said last week.
(Reporting by Lawrence White; editing by Alexander Smith)