Robinhood Wallet and Fomo allow credit-card memecoin purchases, bypassing card-network restrictions

A Crossmint-powered checkout lets Fomo and Robinhood Wallet users buy memecoins with credit cards via Apple Pay or Google Pay, without KYC, while still earning card rewards. The Block's test purchases showed the transactions were coded as MCC 5815 (digital goods) rather than crypto-specific codes required by Visa and Mastercard. Chase disputes the classification and has opened a case with Visa; New York's attorney general is reviewing the matter. Crossmint cites SEC guidance treating memecoins like WIF as digital collectibles. Fomo says Crossmint accounts for about 7% of its user inflows.

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