According to CoinMeta, as reported by Coin Bureau, traders can now earn credit card points by purchasing memecoins through Robinhood. Users of the Robinhood wallet and the social trading app FOMO can use Visa and Mastercard credit cards, Apple Pay or Google Pay to directly purchase memecoins through Crossmint, without the need for a separate KYC verification process. Tests have revealed that these purchases are classified as “digital goods/media” rather than crypto transactions, allowing users to earn credit card points or cashbacks. JPMorgan Chase stated that these transactions were misclassified and has requested Visa to conduct an investigation; the New York Attorney General’s Office is also reviewing this matter.