U.S.-based cryptocurrency exchange Coinbase has launched Coinbase Card, that enables its U.K. customers to pay in-store and online with cryptocurrency. The news was announced in a blog post on April 10.
Cryptocurrencies – those in the know are abuzz with excitement, and those who have a just a passing interest immediately paint the industry with the same brush as pyramid schemes or bubbles. So, when a digital money platform that offers both fiat and cryptocurrency services is awarded an FCA licence – people take notice.
Coinbase announced on Wednesday, August 1, that its UK customers can now buy Bitcoin and other cryptocurrencies with the British Pound.
British government seems to have seriously approached the issues of implementing fintech innovations in its operations. Speaking at London’s Digital Catapult, a government-funded think tank, Cabinet Office minister Matt Hancock stated: “We’re exploring the use of a blockchain to manage the distribution of grants. Monitoring and controlling the use of grants is incredibly complex. A […]
Five major fund managers from the UK, namely Schroders, Henderson Global Investors, Columbia Threadneedle, Aviva Investors, and Aberdeen Asset Management, are secretly running a test to find out whether the bitcoin’s underlying technology capable of reducing expenses involved in trading. As reported by the Financial Times, the companies intend to use the technology to increase […]
The governments of the Commonwealth’s of Nations (formerly known as the British Commonwealth) Working Group on Virtual Currencies published a report calling all 53 member states to initiate a discussion on legalization of Bitcoin and other cryptocurrencies.
Minouche Shafik, Deputy Governor, Markets & Banking Bank Of England, stated the bank considers using the distributed ledger technology in its new infrastructure.
While in days gone by the UK and Ukraine had nothing in common but a couple of letters in their names, nowadays the situation has drastically changed. Both countries are beyond any doubt Europe’s most prominent countries in terms of integrating innovative financial technologies in their economies. However, while Great Britain is the obvious fintech […]