Eleanor Terrett Reports: Visa Closes Memecoin Purchase

Visa Move Could End Card Rewards on Memecoin Purchases

The report concerns a checkout offered through Robinhood Wallet and Fomo. It does not establish a change affecting every card-funded […]

Visa to close memecoin rewards loophole after The Block report

Visa's closure of the memecoin rewards loophole highlights the need for stricter oversight in digital transactions to prevent financial exposure.

Visa to close Crossmint memecoin rewards loophole following The Block investigation: report

Though the Crossmint-powered memecoin sales are still live on both apps, Visa's grace period is expected to end next week, per the report.

Eleanor Terrett Reports: Visa Closes Memecoin Purchase

Eleanor Terrett shared a significant update regarding memecoins, noting that Visa is closing a loophole that allowed purchases of these coins to earn regular credit card rewards. This policy change follows a turbulent week for crypto regulations, underscoring the ongoing scrutiny in the sector. For...