I’m going to keep this short and sweet. .
Last week I tried to transfer funds from one of my bank accounts at BMO to Coinbase like I have done many times in the past. It was business as usual until I got this message:
*When we attempted to process this transaction it was canceled by your bank. If your payment method was charged, you will receive a full refund. If you wish to make another purchase, please try again or add a new payment method.
If you have questions regarding this canceled transaction, please contact your bank directly.
We apologize for any inconvenience!
Kind regards,
The Coinbase Team*
So, at first I thought it was because of the amount of the transaction so I decided to call the bank. .
A god damn idiot picked up the phone and I inquired to why my transaction was not processed. .
He mumbled for a little bit and then proceeded to tell me that the bank is not allowing people to make purchases through Coinbase any longer.
At which time I explained it was my money and I should be allowed to use it wherever I damn well please. The rep said that the bank does not want to do business with Coinbase and they can deny transactions to the company.
What a bunch of bullshit.
I used to think that those who said banks are afraid of cryptocurrency were whackos. .
Now, I’m not so sure. . .
Banks telling people where they can spend their own money is fucked up.
I can understand credit cards etc denying payment, but this was a god damn debit card purchase.
Anyone else experience this yet?
Could be just another sign that crypto is headed much higher!!!
