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RE: These Banks Have Banned Cryptocurrency Purchase Through Debit & Credit Cards!
Well imagine if you ran up you credit then decided that you didn't want to pay it. You could potentially just obfuscate your transactions or convert into a privacy coin then claim trading losses when you declare bankruptcy.
The banks are also protecting themselves from a credit bubble whereby people begin defaulting on credit cards used to rack up crypto purchases. Left with little to no other options people will resort to taking out cash advances on their credit lines instead- which are given at a much higher APR than regular charges.
Protects banks and lines their pockets with even more cash.
you are paying for a mortgage with a signature because you never take a loan out, or receive any money, also they are creating loans that cannot be repaid unless traded with abroad, from imports and exports and exchanges on a currency exchange therefore, if you take out a loan and trade it in a different currency, and trade goods and services for these currencies, you have more chance of paying it back as a result of that trade, because 1 you've printed more of their scam money and made the currency weaker and the is a limited supply of the currency you bought making that currency stronger as long as you trade goods and services with it, or use steemit, to get up votes. so what you are technically saying is a lie. the banks are really just suppressing your chance of paying back their fraud, and as their fraud is based off a lie and deception, it's not worth paying them back anyway, as you don't need to, because the collateral, is a birth certificate and a corporate fictional entity they make you claim in a deception. you live a lie under their system. a big delusion run by the pope of rome because it's illegal to use a legal name, and they have infinite money and they set up fake bank accounts in your corporate fictional name, that you call yours, you live a lie and make everyone else believe one. banks offer men and women loans they cannot pay back, due to the fact they do not export abroad for most of the loans gained, therefore not everyone could pay it back, but in a global pool of funds like cryptocurrency they have way more chance. your argument is not only wrong it's also A grade stupid, as in a F in life studies. they are trying to suppress people because the truth is they would be more likely to pay back the loan, than if they bought a holiday and wasted it.
It seems like they should at least let the debit transactions go through.
lol..apart from you trade debt when you are trading fiat and when they create the loan, your signature is worth money, therefore it's all based off a promissory notes system, you trade debt not money therefore, when the bank gets back this debt they are suppose to exile the debt out of existence, to make the currency stronger instead they are just being fraudulent. therefore they are not protecting you, they are making the currency weaker till the currency will collapse, they are just limiting accounts so you cannot pay back the money in the first place, to suppress your potential for prosperity because they want you playing the rigged game they have created. money does not exist, all that exist is debt slavery.
Excellent point.