Three American and one British firm indicated that their customers will not be able to buy the cryptocurrency with credit cards for fear that the price will continue to fall and the debt can not be assumed. The digital currency falls more than 10 percent

The British banking group Lloyds Banking Group announced on Monday that it has forbidden its customers to buy bitcoins with their credit cards because of fears that they will be indebted due to the fall in the value of this digital cryptocurrency, a decision that was followed hours later by the announcements of JP Morgan Chase, Bank of America and Citigroup, Bloomberg confirmed.

This prohibition, already in place, applies to customers of Lloyds and group entities Bank of Scotland, Halifax and MBNA, although the measure does not apply to debit cards.

Thousands of users bought this cryptocurrency when it traded at nearly $20,000 at the end of last year, although its value has fallen by less than half in just two months. This Monday, its value hovered around the USD at 7,300, maintaining the negative trend with a fall of nearly 10%.

Entities fear that if the bitcoin continues to plummet, they will face debts that customers may incur due to the loss of value of the cryptocurrency.

In addition to the high volatility of the digital currency, entities also make purchases with stolen cards, as the system makes it difficult to identify the beneficiary of the crime.

Bitcoin is a virtual currency not regulated by any state or central bank, as it was worth no more than a few cents when it was created in February 2009 by several computer scientists hiding under the pseudonym of Satoshi Nakamoto.

In recent weeks, it has lost value in the face of every announcement by governments that they were moving forward with measures restricting their trade. In the last few days, Facebook's ban on advertising cryptocurrencies on its platform has also made the digital currency market a black day.