Buying memecoins with credit cards on Robinhood Wallet and Fomo appears to sidestep card-network crypto rules

The Block·

Buying memecoins with credit cards on Robinhood Wallet and Fomo appears to sidestep card-network crypto rules

60-second summary

Test memecoin purchases were coded as "digital media" rather than crypto, earning credit card points despite card network restrictions.

Test memecoin purchases were coded as "digital media" rather than crypto, earning credit card points despite card network restrictions.