Barclays’ Move…

In a volatile market, Barclays remains cautious about coins not forged from ore. They cling to what they know, dipping toes in the waters with hesitation. While they permit transactions, if the customer insists and bears the cost. They’re reluctant to stake borrowed funds on a market so unstable, where value can vanish overnight.

Crypto lacks the safety net of insurance or the protection of financial ombudsman schemes. Ghost faces linger behind the transactions, transparency fades, fraud, scams, and money laundering surge.

Borrowing to chase digital coins only doubles the risk. With real estate, there’s at least tangible ground for growth. But crypto? One misstep, and the floor disappears.

Barclays, in their restraint, may simply be trying to shield customers from the swaying tower that is crypto.

Do we applaud their prudence or question their fear?