Crypto Purchases With Credit Cards Banned By JP Morgan, Bank of America

Announcements, News | February 5, 2018 By:

JP Morgan Chase, Bank of America, and Citigroup have placed a ban on cryptocurrency transactions via credit cards.

JP Morgan enacted the ban on Saturday, saying the bank doesn’t want the credit risk associated with the transactions. “At this time, we are not processing cryptocurrency purchases using credit cards due to the volatility and risk involved,” a JP Morgan Chase spokesperson said in a statement.


Blockchain for Bank Customer Relations Planned By Central Bank of Azerbaijan

Announcements, Blockchain, FinTech, News | January 2, 2018 By:

The Central Bank of Azerbaijan (CBA) is planning to use blockchain technology to create a digital identification system for relations between banks and customers.

The announcment came after CBA First Deputy Chairman Alim Guliyev said that he discussed the possibilities of using the technology in a meeting with the State Secretariat for Economic Affairs of Switzerland (SECO) and Deputy Regional Director for South Caucasus,