LONDON (Reuters) - Barclays <BARC.L> is likely to follow other major lenders in the United States in stopping customers from buying Bitcoin and other cryptocurrencies with its credit cards, according to an interview with a senior executive at its credit card unit.
"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.
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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 <LLOY.L>, which issues just over a quarter of all credit cards in Britain, and Virgin Money <VM.L> announced such a ban last week, following the lead of JP Morgan Chase & Co <JPM.N> and Citigroup <C.N>.
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)