No! None of this matters!

Banks can't treat bitcoin like cash for the simple reason that they can't perform fractional reserve banking on it and that it's not subject to the same kind of inflation as cash.

Bitcoin is superior so they should treat it as such.

I am not sure that US banks treat Bitcoin and Ethereum as cash, because there is no official news from Bank of America. So don't be too
happy first, this is just a rumor spread by customers. The truth is still questionable. But if it is true that Bank of America treats Bitcoin and
Ethereum as cash, this will certainly be a milestone. Many obstacles if it is true that Bitcoin and Ethereum as cash, such as volatile prices
and tax problems.

When i saw your topic i was curious to know what is going on because ETH is considered as cash which is a complete bullshit in itself if you are aware of it but then alani123 explained where this topic evolved and now that is deleted from reddit itself. Lets be clear if you create a story just for the clicks make sure that it should be believable and if you involve ETH its gone  .

that's easy. FOMO---fear of missing out. people don't care about 5% cash advance fees and 29% interest if they think bitcoin is gonna make them a millionaire inside of a year. that was the psychology in late 2017.

i don't blame the banks in cases like this. customers are borrowing cash (leveraging) to buy risky investments. it's the banks' prerogative to charge them for the privilege, and to hedge against the increases risk of default.

if customers don't like it, they can avoid those fees and interest charges by investing the responsible way like the rest of us---with their own cash.

When you post a thread like this moreover about a report or news, please put at list a link in order that we can check the truth of the news easily. Well, this leads me to browse to search the source and read the article fully.
It is quite unique to see the development of crypto in this country. First, the country really ignores crypto because it may be considered not worthy enough. Then, They sometimes fight you and make crypto as one of the enemies to be banned. And now, they are going to make crypto as cash? Interesting facts if it si true happening right?

By considering the payment using cryptocurrency as a cash equivalent may be good progress for the crypto world. As we know that so far, there is also bad news about BTC and other cryptos that will be banned in some countries although it is still debatable likely in India and also Russia. Hopefully, by this news, this can wide open again the chance of cryptos to be considered as well as cash equivalent again. But, I wonder will it involve taxes if this is legalized as cash?

That gives us a confirmation that indeed Bank of America is already accepting crypto.
Thanks for showing the actual document stating such type of transaction.

So I would say, this is another great news to the crypto community.
In time, more and more banks will follow this action towards crypto.
And yes, not only BTC or ETH, as it says crypto in general.

No worries it is the least I can do.

 It shows that they will or that they did let you buy crypto with the card.

 It may or may not mean they are doing it right now.




I really like that:
It shows they will treat it like buying casino chips   i.e. a cash advance if you do buy any cryptocoin. This is the best info as they are not coin specific.





I smell action coming. Trump had the 2017 rally in his term. Maybe he will push a 2020 rally to help his election chances.

Most people don't realize the entire cap is well under 300 billion usd

https://coinmarketcap.com/

way down for 2017 peak of 830 billion usd.

Most people don't realize  the entire cap of 267 billion is far lower then just Apple's stock which is worth 1,500 billion.

So maybe the pump is lining up.
We Whale In :
Aug
Sept
Oct
Nov

Please try to show you read the thread.

I provided the document that most likely started the reddit post.

Read the whole thread especially on page 2 from philipma1957.
You will find it enlightening since his wife is a customer of BoA.

Regarding this, perhaps there is another document to explain it.

Probably, they will include it to those transactions that they can benefit from. Cryptocurrency is a digital currency that has unpredictable price in the market so most of the people are having a hard time using it in many transactions. If bitcoin and ETH is new to them, as time passes by, they will become used to it but the thing that we need is adoption.

It is true that fluctuation can make us unsure and doubt those cryptocurrency like Bitcoin and ETH to regulate into our banks due to the risks. Plus, if this happens, government will do anything just to charge our transactions with taxes that they want to receive from us. No one is exempted from taxes once the government see that you are making money out of it.