News Apple, Goldman Sachs Ban Cryptocurrency Purchases, Cash Advances with...

Apple, Goldman Sachs Ban Cryptocurrency Purchases, Cash Advances with Credit Card – Report

-

- Advertisment -

Apple, Goldman Sachs Ban Cryptocurrency Purchases, Cash Advances with Credit Card - Report

Business

Get short URL

The Apple credit card launched in partnership with the Goldman Sachs Group will not allow the use of the card to purchase cryptocurrency, Reuters reported Friday.

According to the customer agreement, cited by Reuters, the card cannot be used to purchase cash advances or cash equivalents that include cryptocurrencies, casino gaming chips, race track wagers or lottery tickets.

In March, Apple introduced a titanium, laser-etched Apple Card backed by Goldman Sachs and Mastercard that can track spending across devices and pay daily cashback on purchases. Apple CEO Tim Cook said that Apple Pay would be available in more than 40 countries by the end of the year, Reuters reported.

Meanwhile, US President Donald Trump criticized Bitcoin, Libra and other cryptocurrencies, demanding that firms seek a banking charter and subject themselves to US and global regulations if they want to “become a bank”.

In June, The Wall Street Journal reported, citing sources, that Visa, Mastercard, PayPal and Uber Technologies would invest some $10 million each in a consortium that would govern digital coin.

A number of countries have expressed interest in regulating cryptocurrency over the last year or have made steps toward it amid Bitcoin’s 2018 surge in price. Belarus legalized cryptocurrency transactions and Initial Coin Offerings (ICOs) and exempted trade from taxes for the next five years. China, however, has banned ICOs that sell future coins in order to raise funds for cryptocurrency startups on its territory.



Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Yield Farming Program “Volcano” Kicks off Dutch Auction for Cryptokitties KittieFIGHT Game

In the fall of 2017, along with the rallying of Bitcoin and other digital assets, Cryptokitties dominated...

Ministry of Foreign Affairs of Denmark may use Blockchain to tackle corruption

We have already moved to the stage in our lives where technology plays an important role in...

What Lessons Can The World Learn From Venezuela’s Newfound Love For Crypto?

It is often the case that great changes are forced out of necessity, rather than a willingness...

How Bitcoin Capitalization Affected In 2020 on the Quarantine Background

Although the weeks of quarantining are gradually easing off, the impact of dealing with the deadly coronavirus...
- Advertisement -

Seamless Crypto Exchange HolyTransaction Allows Gridcoin Staking

In today’s world, the time value of money is very important and everyone likes to earn a...

How to Use Big Data Analytics Against Rising Cyber Security Attacks?

Big data and big data analytics have many implications across verticals. The use cases range from optimizing...

Must read

- Advertisement -

Read Next
Recommended to you