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  • https://www.google.co.uk/amp/s/www.b...iness-42940728

    Lloyd's Bank are going to ban customers using it's credit cards to buy crypto.

    Note that it's only credit cards, people can still use bank transfer or debit cards, and they say they're doing it because so many people are racking up credit debt, with no intention of paying it off.

    Not sure if banks can already do this for other things, like gambling, but it's an interesting move to push a blanket ban on crypto purchases.
    Originally posted by coiler
    He'll have the local FBI round his house with all that hash!
    Originally posted by BigIan88
    turn off that sexy nonsense
    Originally posted by Salad Soup
    turns out if you touch a stripper too much and try and get back in after being kicked out, they dont like that!

    Comment


    • I can sort of see the logic in that.

      With any sort of currency speculation or gambling, you should only 'bet' the amount you can afford to lose and only with money that's actually yours.

      Using a debit card gets rid of half of that issue, as people will only spend what they actually have. Whether they can afford to lose it or not is another discussion.

      If it was on a credit card, the temptation is to max out your credit card limit buying BTC or similar, way past the amount you're able to repay. I actually think it's a sensible thing to do.

      And at the end of the day, it's the bank's money you're spending anyway



      Originally posted by coiler
      Stomach was rumbling like a fatman landing on Sanctuary

      Comment


      • Plus people doing it, will sit on whatever crypto they bought an probably spend it when value has jump 10x to 100x more than originally bought with using credit card, which they still owe for. Rumour is Paypal is going do same, ban purchases of crypto due to amount people doing charge backs, saying it was unauthorised payment. They get to keep their crypto acquired by dodgy means an seller get's whammy off Paypal for it, however seller might just cancel everything an never pay Paypal.

        4770k @ 4.6, XSPC Raystorm, Avexir 4x4GB 2400MHz, ASUS Z87 Maximus Hero VI, Tri-fire 290x/290x/290 Reference EK 290X CSQ Full Nickel Blocks, Alphacool 240 ST-30, Alphacool 360 ST-30, Asus Xonar, Alphacool D5, Corsair AX 1200i, Carbide 540

        Comment


        • Originally posted by Aaron View Post
          I can sort of see the logic in that.

          With any sort of currency speculation or gambling, you should only 'bet' the amount you can afford to lose and only with money that's actually yours.

          Using a debit card gets rid of half of that issue, as people will only spend what they actually have. Whether they can afford to lose it or not is another discussion.

          If it was on a credit card, the temptation is to max out your credit card limit buying BTC or similar, way past the amount you're able to repay. I actually think it's a sensible thing to do.

          And at the end of the day, it's the bank's money you're spending anyway
          You're given a credit limit by the card issuer / bank, so they've already assessed your ability to repay.

          How is it different to spending money on anything else? If you can't pay, you can't pay. :/

          I just think it's a bit cheeky, and a bit of a worrying precedent, to say what you can and can't buy, IMO.
          Originally posted by coiler
          He'll have the local FBI round his house with all that hash!
          Originally posted by BigIan88
          turn off that sexy nonsense
          Originally posted by Salad Soup
          turns out if you touch a stripper too much and try and get back in after being kicked out, they dont like that!

          Comment


          • There must be a reason though mustn't there? I mean, who benefits from you using a credit card to buy things? The bank/lender. They make money from any interest you are charged on your credit amount. So why would they stop that?

            It must be because there's a higher risk along the line somewhere?


            But as I said before - it's not actually your money that you're spending. It's the bank's money, so they are entitled to say what it can be used for, especially if there is an increased risk of fraud etc or even funding criminals etc.

            I suspect this is the first of many banks that will do this!



            Originally posted by coiler
            Stomach was rumbling like a fatman landing on Sanctuary

            Comment


            • They banned credit cards purchases couple days ago in America, just our banking sector starting to catch up.

              4770k @ 4.6, XSPC Raystorm, Avexir 4x4GB 2400MHz, ASUS Z87 Maximus Hero VI, Tri-fire 290x/290x/290 Reference EK 290X CSQ Full Nickel Blocks, Alphacool 240 ST-30, Alphacool 360 ST-30, Asus Xonar, Alphacool D5, Corsair AX 1200i, Carbide 540

              Comment


              • Seems you may all be rich this morning? (if you hit the spike at 3am)
                Last edited by Smellyferret; 29-01-21, 09:47.
                http://steamcommunity.com/id/smellyferret

                Comment


                • I wish I sold all mine way back, in hindsight should just waited.

                  didn't it peak at 0.10 cent per doge so potentially I had 3 mil doge back in day that's 300k dollars.
                  Last edited by k3vst3r; 06-02-21, 19:50.

                  4770k @ 4.6, XSPC Raystorm, Avexir 4x4GB 2400MHz, ASUS Z87 Maximus Hero VI, Tri-fire 290x/290x/290 Reference EK 290X CSQ Full Nickel Blocks, Alphacool 240 ST-30, Alphacool 360 ST-30, Asus Xonar, Alphacool D5, Corsair AX 1200i, Carbide 540

                  Comment


                  • I'm still waiting for el wayneo to send me a tenner for the 25000 doge I sent him Jan 2014
                    {Insert witty comment here}

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