Visa Closes Memecoin Cashback Loophole as Crypto Bros Face Reality
Visa has officially instructed processors to stop classifying memecoin purchases under generic digital goods merchant codes to prevent credit card rewards exploitation. Silicon Valley crypto bros are weeping into their oat milk lattes now that buying worthless dog tokens won't earn them airline miles. Meanwhile, down on the Malecón in La Paz, cash is still king, nobody accepts smart contracts for fish tacos, and credit card rewards are about as useful as a waterproof teabag.