news Cloud Crypto Desk 2026-09-21

Visa To Close Memecoin Rewards Loophole

Visa is moving to close a merchant category loophole that allowed crypto investors to buy memecoins with credit cards and rack up ordinary cash-back rewards. The regulatory adjustment targets processors working with popular wallet apps before a grace period expires next week. Out here in Baja, nobody cares about merchant codes or rewards points when you're trying to trade a dying battery for a cold Pacifico. Let the Silicon Valley credit card points game burn to ash.

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