Is this only the beginning? Credit card holders from four U.S. banks have been barred from purchasing cryptocurrencies using credit cards at Coinbase, the exchange has confirmed.
According to the firm's latest tweet, credit card users from JPMorgan Chase, Bank of America, Citi and Capital One are all currently prohibited from purchasing cryptocurrencies at the platform.
However, other payment channels such as debit cards and bank transfer are still available, and are being encouraged by Coinbase as alternatives for affected customers.
Coinbase on Twitter:
Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards. Chase Bank of America Citi Capital One We're encouraging affected customers to switch to debit card or bank account payment methods.