Visa Tightens Memecoin Card Rules After Digital-Media Classification
Key Highlights Visa is directing payment processors to stop using merchant category code 5815 (digital media) for memecoin purchases and instead apply cryptocurrency-related classifications. JPMorgan Chase flagged at least one Visa transaction for incorrect coding, and the New York Attorney General’s Office is reviewing the issue. The reclassification does not prohibit card-based memecoin purchases but ...
