Users can earn credit card credits for memecoins in Robinwood

Coin Bueau reported that traders could now buy memecoins through Robinhod. Users of the Robinwood wallet and social transaction application FOMO can use Visa and Mastercard credit cards, Apple Pay or Google Pay to purchase memecoins directly through Crossmint without a separate KYC check. The tests found that these purchases were classified as “digital goods/media” rather than as encrypted transactions, thus allowing users to earn credit card credits or cash returns. According to Chase Morgan, these transactions were misclassified and Visa was requested to conduct an investigation, which is also under review by the New York State Attorney ' s Office。