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RE: Banks Block Customers' Credit Card Purchases of Cryptocurrency
I beg to differ, the credit card company keeps the public money in trust and loans it out.
I beg to differ, the credit card company keeps the public money in trust and loans it out.
Credit card companies create money in the same way as any other bank in the fiat system by the creation of debt. There is no money in trust. No one invests in a credit card, you borrow. That loan then becomes an asset.