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Wells Fargo Doesn’t Allow Cryptocurrency Transactions

The third-largest bank in the United States,
Wells Fargo, has indicated that it no longer supports cryptocurrency
transactions. The discontinuation of the service was revealed when the bank was
replying to a disgruntled customer.

The customer sensed something fishy with the
bank when trying to buy crypto on Coinbase, a crypto exchange. The customer
posted:

“Something fishy is going on with my bank, Wells Fargo,…I can’t buy crypto on cash app or Coinbase. I tried to attach my debit card, and it said ‘card not found’ and I just used it to pay my bills.”

In response, Wells Fargo wrote:

“Thanks for reaching out to use. Unfortunately, Wells Fargo does not allow transactions involving cryptocurrency.”

Wells Fargo Dictating Use of Money,
Fines

Unfortunately, the bank’s comment was…

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