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Robinhood Wallet and Fomo Enable Credit Card Purchases of Meme Coins, Transactions Classified as Digital Goods Media

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Odaily News: Robinhood Wallet and Fomo allow users to purchase Meme coins using credit cards via Apple Pay or Google Pay without completing identity verification. Transactions for purchasing Meme coins with Visa and Mastercard credit cards are classified as "digital goods media" (MCC 5815), a category that typically covers e-books and digital movies; crypto transactions usually use MCC 6012 or 6051. These transactions are powered by Crossmint, and users can also earn credit card points or cashback rewards.

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.