Mark Mason
Well-known member
Coinbase Partners with Barclays UK
Coinbase has found a new partner in Barclays UK office to service their 12 million users, many of whom are located within the United Kingdom.
Coinbase’s CEO said they “believe that this is an important step towards our commitment to making cryptocurrency accessible to everyone”. Previously, UK Coinbase customers had to rely on using a bank in Estonia that charged heavy exchange rates. The new partnership will start with a small group of institutional users and then expand to all UK customers.
Coinbase was also issued an e-money license by the FCA (Financial Conduct Authority), which allows them to extend their services to 23 countries within the EU. Barclays previously inquired last year with fintech firms and the FCA about incorporating Bitcoin into the financial sector. The partnership is a stark contrast to the increasing trend of banks in the UK and EU closing their doors to cryptocurrencies because of regulation fears.
Read more: https://www.dashforcenews.com/coinbase-partners-with-barclays-uk/
Coinbase has found a new partner in Barclays UK office to service their 12 million users, many of whom are located within the United Kingdom.
Coinbase’s CEO said they “believe that this is an important step towards our commitment to making cryptocurrency accessible to everyone”. Previously, UK Coinbase customers had to rely on using a bank in Estonia that charged heavy exchange rates. The new partnership will start with a small group of institutional users and then expand to all UK customers.
Coinbase was also issued an e-money license by the FCA (Financial Conduct Authority), which allows them to extend their services to 23 countries within the EU. Barclays previously inquired last year with fintech firms and the FCA about incorporating Bitcoin into the financial sector. The partnership is a stark contrast to the increasing trend of banks in the UK and EU closing their doors to cryptocurrencies because of regulation fears.
Read more: https://www.dashforcenews.com/coinbase-partners-with-barclays-uk/