Apparently, with Bitcoin's current performance, Lloyd's believes that people have/will purchase(d) crypto with the credit cards, not see the gains and get further into debt.
I don't believe their argument makes sense because banks tend to make interest of the debt of the financial products they approve for customers.
Apparently, with Bitcoin's current performance, Lloyd's believes that people have/will purchase(d) crypto with the credit cards, not see the gains and get further into debt.
I don't believe their argument makes sense because banks tend to make interest of the debt of the financial products they approve for customers.
I agree with this, a banks entire business model is debt, this reason is laughable.