Lloyd’s Banking Group bans Bitcoin payments via credit card

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It has been something of a rocky ride for cryptocurrencies recently, and none more so than Bitcoin. Now Lloyd’s Banking Group has announced a ban on purchasing cryptocurrencies using credit cards in the UK. The banking group controls Lloyd’s Bank, Halifax, MBNA and Bank of Scotland, and the ban has been triggered by the deflation of Bitcoin. In recent months it has spiraled from a high of almost $20,000 to under $8,000. See also: Bitcoin falls under $8,000 — crypto market down to $360bn Despite reports to the contrary, India is not banning Bitcoin and other cryptocurrencies The move sees…

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