Fomo and Robinhood Wallet memecoin buys may sidestep card crypto rules
On Fomo, buying Bitcoin or Ethereum involves transferring crypto in or buying USDC with a debit card before swapping. On Robinhood Wallet, similar steps apply, raising questions under card-network crypto rules.
On Fomo, a popular "social trading" app, buying Bitcoin or Ethereum means either transferring in crypto from an outside wallet or buying USDC stablecoins with a debit card before making a swap.
On Robinhood Wallet, the public fintech's self-custody wallet app, the same general steps are required, t…