I was trying to purchase crypto with my credit card via MoonPay. It got denied. So, I called.
The representative said you can’t make crypto purchases on credit.
Fine. I get it. That’s the bank’s money.
I try debit. Doesn’t work. I call again. The representative says there is no issue with my card, and that the issue must be with Moonpay.
I try MoonPay again. Then Simplex. Then another merchant. Then I try with 3 different exchanges. All blocked.
I call again and again. “There is no issue with your card.” I call 6 times with no resolution. Their customer service is absolutely braindead.
I call yet again and ask to be transferred to a supervisor.
Turns out, Chase is blocking all crypto-related purchases on credit AND DEBIT!!! THATS MY MONEY!!!!
Crypto will be the downfall of big banks. DeFi and decentralized exchanges will annihilate these power-hungry structures of the past.