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Tag Archives: Credit

Abra Announces New Credit Card Payment Options for Bitcoin Purchases

Bitcoin payment startup Abra has announced the addition of Visa and Mastercard payment options for buying bitcoin on its platform. The new payment option is in partnership with fintech company Simplex, per the company’s blog post. Up until today, users who wanted to purchase cryptocurrencies were limited to a few options that included bank deposits and wire transfers. In addition ...

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Libra Credit Welcomes Four Members of Executive Management to Global Team

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. We ...

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Japan Wants to Stop Cryptocurrency Criminal Activities With Credit Evaluation

This week, after disclosing its plans to crackdown on anonymous cryptocurrencies Zcash, Dash, and Monero, the government of Japan has said that major credit agencies will evaluate cryptocurrency users to prevent the utilization of digital assets in laundering money generated from illicit operations. Suspicious Users Will be Investigated Credit agencies, information security research firms, and Japan Credit Information Service will ...

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How Credit Will Change Crypto Forever and Bring Stability to a Burgeoning Asset Class

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. The ...

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Cryptocurrency Transactions Surpass Credit Card Sales at Silicon Valley Jewelry Retailer

Stephen Silver, the CEO at Stephen Silver Fine Jewelry, has revealed that after four years of integrating Bitcoin in 2014, cryptocurrency transactions have surpassed credit card sales at the retail shop and 20 percent of the company’s sales are now attributable to cryptocurrency. Silver, who had previously led Stephen Silver Fine Jewelry to become the first jewelry retailer in the ...

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Overstock: Cryptocurrency Payments “Much Cheaper Way of Doing Business” Than Credit Cards

Overstock considers cryptocurrency as a much more efficient way of processing payments than credit cards. An online retail giant, Overstock is one of the premier companies accepting cryptocurrencies for payments, with a long history of blockchain-friendly attitudes. In an address to the Heritage Foundation in Washington, DC, Overstock board member Jonathan Johnson stated that the company incurred much higher expenses ...

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Wells Fargo Bans Bitcoin Purchases with Credit Cards

Various banks around the world prevent their customers from buying Bitcoin and other cryptocurrencies. This is especially true when it comes to credit card transactions. It now seems Wells Fargo is the latest institution to impose this unwelcome rule on its customers. Wells Fargo Makes Itself Even Less Popular These times are very troublesome for banks. Not only are ...

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Wells Fargo Bans Credit Card Cryptocurrency Purchases

Wells Fargo has announced that it will begin to block all cryptocurrency purchases on credit cards under the Wells Fargo name. Wells Fargo Imposes Credit Card Restrictions Despite the ban, Wells Fargo has implied that the ban may only be temporary. To clear up the waters regarding this issue, Shelley Miller, a representative from the financial institution, said: “Wells Fargo will ...

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US Bank Wells Fargo Bans Crypto Purchases With Its Credit Cards

San-Francisco-based bank Wells Fargo has announced that it will no longer allow its customers to purchase cryptocurrency using its credit cards, Fortune reported June 11. Wells Fargo, which is the third largest bank by assets in the US, said that its customers are now prohibited from purchasing digital currency on their credit cards issued by the financial institution. A bank ...

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Wells Fargo Bans Customers from Buying Bitcoin with Credit Cards

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Banking giant Wells Fargo has become the latest financial institution to ban its customers from using their credits cards to buy cryptocurrency. Fortune reports that Wells Fargo — the third-largest US bank with nearly $2 trillion in total assets as of the end of ...

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