Robinhood Wallet and Fomo Support Credit Card Purchases of Meme Coins, Transactions Classified as Digital Goods Media

According to Odaily, Robinhood Wallet and Fomo allow users to purchase Meme coins using credit cards via Apple Pay or Google Pay without requiring identity verification. Transactions for purchasing Meme coins with Visa and Mastercard credit cards are classified as "digital goods media" (MCC 5815), a category that typically covers e-books and digital movies; crypto transactions generally use MCC 6012 or 6051. These transactions are powered by Crossmint, and users can also earn credit card points or cashback rewards.