+- Hack Forums (https://hackforums.net)
+-- Forum: Money (https://hackforums.net/forumdisplay.php?fid=241)
+--- Forum: Crypto Currency (https://hackforums.net/forumdisplay.php?fid=380)
+--- Thread: Barclays to Block Crypto Transactions on UK Bank Cards Over Debt Concerns (/showthread.php?tid=6301460)
Barclays to Block Crypto Transactions on UK Bank Cards Over Debt Concerns - Stanley - Jun 25, 2025
Barclays to Block Crypto Transactions on UK Bank Cards Over Debt Concerns
Barclays Bank will ban cryptocurrency purchases with its bank cards from 27 June 2025, citing debt risks and lack of consumer protections.
The post Barclays to Block Crypto Transactions on UK Bank Cards Over Debt Concerns appeared first on Cryptonews.
https://cryptonews.com/news/barclays-to-block-crypto-transactions-on-uk-bank-cards-over-debt-concerns/
RE: Barclays to Block Crypto Transactions on UK Bank Cards Over Debt Concerns - Omniscient - Jun 26, 2025
UK are morons. First it's "debit" purchases so how is it debt? Secondly, this is just being used to stop people from gaining an asset that's better than their currency. People are converting their worthless fiat to priceless Bitcoin. Eventually there will be runs on the banks to do this and potential for panic and hyperinflation are real.
RE: Barclays to Block Crypto Transactions on UK Bank Cards Over Debt Concerns - Mix - Jun 26, 2025
(Jun 26, 2025 10:58 AM)Omniscient Wrote: UK are morons. First it's "debit" purchases so how is it debt? Secondly, this is just being used to stop people from gaining an asset that's better than their currency. People are converting their worthless fiat to priceless Bitcoin. Eventually there will be runs on the banks to do this and potential for panic and hyperinflation are real.
As someone who lives in the UK, one of the worst banks that seems to block almost everything decent is Barclays. I had them many years ago and every time I made a purchase over £50 they would block it and I rang them to get it fixed and they refused. I ended up moving to another bank and never had issues. That's why I missed out on a lot of things in life if I'm honest.