Dear Benchers! Breaking news!
The Apple credit card being launched with Goldman Sachs will not allow the purchase of cryptocurrencies with the card, according to a customer agreement posted to Goldman’s website on Friday.
«The Apple Card customer agreement said the card cannot be used to purchase cash advances or cash equivalents that include cryptocurrencies, casino gaming chips, race track wagers or lottery tickets. Goldman declined to comment and Apple did not immediately respond to request for comment.» — Reuters says.
Apple is not alone in banning the purchase of cryptocurrencies. Lloyds Bank, JP Morgan Chase, Citigroup, and Virgin Money also banned such purchases, because of concern that volatile prices could leave consumers saddled with debts they could not repay.