TechVisa reportedly moves to close a memecoin credit card rewards loophole
Some buyers were able to earn points or cashback when memecoin purchases were classified as digital media, Crypto.news reports.
TLDR
Crypto.news reports that Visa is moving to stop payment processors from classifying memecoin purchases as digital media. The planned change would end a setup that allowed some buyers to earn credit card points or cashback on those purchases.
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Visa reportedly moves to close a memecoin credit card rewards loophole
Some buyers were able to earn points or cashback when memecoin purchases were classified as digital media, Crypto.news reports.
TLDR
Crypto.news reports that Visa is moving to stop payment processors from classifying memecoin purchases as digital media. The planned change would end a setup that allowed some buyers to earn credit card points or cashback on those purchases.