Lloyds Bank first in UK to stop credit card Bitcoin purchases

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Worries that customers may suffer from a precipitous drop in cryprocurrency values.

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Read more.

As a gamer, I really hope this happens to other, GPU-mined, cryptocurrencies as well.

I wonder how much of an environmental impact mining cryptocurrencies has had over the years...

Edit! I think it's happening:
https://www.ebay.co.uk/itm/Asus-Rade...QAAOSwrslaeDj~

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Originally Posted by afiretruck

As a gamer, I really hope this happens to other, GPU-mined, cryptocurrencies as well.

I wonder how much of an environmental impact mining cryptocurrencies has had over the years...

Edit! I think it's happening:
https://www.ebay.co.uk/itm/Asus-Rade...QAAOSwrslaeDj~

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I think that must be hacked account - a £136 12" Macbook sounds like a scam to me!!

To be fair Lloyds are cracking down on everything... my other half has had nothing but troubles from them recently

So they block Crypto purchases but are completely fine with you funding a gambling website, or fiat trading platform, or CFDs from your card....all of which are infinitely more risky?

Sounds an odd thing to do likely very much marketing/PR focused. It won't make any real difference.

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Originally Posted by Spud1

So they block Crypto purchases but are completely fine with you funding a gambling website, or fiat trading platform, or CFDs from your card....all of which are infinitely more risky?

Sounds an odd thing to do likely very much marketing/PR focused. It won't make any real difference.

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This. They're literally just cracking down on something they are fearful of as competition or something that will make them redundant. Nothing to do with caring about customers.

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Originally Posted by CAT-THE-FIFTH

I think that must be hacked account - a £136 12" Macbook sounds like a scam to me!!

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There seems to be a lot of that on eBay recently, that account is almost certainly hacked unless someone who sold a few dresses more than a year ago suddenly came into possession of tens of graphics cards and Macbook's.

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Originally Posted by CAT-THE-FIFTH

I think that must be hacked account - a £136 12" Macbook sounds like a scam to me!!

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Possibly.

Though, looking though ebay there's a lot of newly listed 1080/1070/1080Ti/RX 580s coming up dirt cheap (brand new and pre-owned), so I'm not entirely convinced it's a hacked account.

Either way, if it is a scam/hacked account, I won't lose any money (thanks, paypal!)

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Originally Posted by afiretruck

Possibly.

Though, looking though ebay there's a lot of newly listed 1080/1070/1080Ti/RX 580s coming up dirt cheap (brand new and pre-owned), so I'm not entirely convinced it's a hacked account.

Either way, if it is a scam/hacked account, I won't lose any money (thanks, paypal!)

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Just picked up a Powercolor Red Devil Radeon RX580 for £70, fingers crossed it is real, thank the lord for buyer protection:

https://www.ebay.co.uk/itm/PowerColo...YAAOSwMqBaeFGM

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Originally Posted by Tabbykatze

Just picked up a Powercolor Red Devil Radeon RX580 for £70, fingers crossed it is real, thank the lord for buyer protection:

https://www.ebay.co.uk/itm/PowerColo...YAAOSwMqBaeFGM

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Nah, another hacked account.

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Originally Posted by Mr_Jon

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Originally Posted by Tabbykatze

Just picked up a Powercolor Red Devil Radeon RX580 for £70, fingers crossed it is real, thank the lord for buyer protection:

https://www.ebay.co.uk/itm/PowerColo...YAAOSwMqBaeFGM

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Nah, another hacked account.

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Yup, listing got removed, now there's a 1080ti account!

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Originally Posted by Mr_Jon

Nah, another hacked account.

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Can confirm. Just had my £90 GTX 1080 Tis cancelled by ebay :'(

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Originally Posted by afiretruck

Can confirm. Just had my £90 GTX 1080 Tis cancelled by ebay :'(

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Worth a try! My £125 1080ti got cancelled, Paypal and ebay have just returned all my moneys :)

This applies to credit card transactions only. Current account customers can still use their own money to buy make a legal purchase.

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Originally Posted by Spud1

So they block Crypto purchases but are completely fine with you funding a gambling website, or fiat trading platform, or CFDs from your card....all of which are infinitely more risky?

Sounds an odd thing to do likely very much marketing/PR focused. It won't make any real difference.

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Most credit cards regard gambling as a cash advance, and most gambling halls/casinos don't allow purchases with credit cards - although online sites do.

Lloyds are still allowing debit card purchases for crypto currencies. Personally I think the volatility of Crypto Currencies (and in particularly Bitcoin) makes it significantly riskier than many other forms of investment (or gambling) and I can see why Lloyds might want to limit their exposure to the risk.

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Originally Posted by peterb

Lloyds are still allowing debit card purchases for crypto currencies. Personally I think the volatility of Crypto Currencies (and in particularly Bitcoin) makes it significantly riskier than many other forms of investment (or gambling) and I can see why Lloyds might want to limit their exposure to the risk.

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Yes this exactly, they won't stop debit card purchases, they are protecting themselves from bad debt. Debit cards use your own money, credit cards its the banks.