Bitcoin Spending Platform Safello Deal With Barclays to use Block Chain in Fintech
Safello, a bitcoin spending platform based in Stockholm, Sweden, has signed a proof of concept (PoC) with Barclays to explore how the financial services sector can harness block chain technologies. The agreement marks one of the highlights of the Barclays Accelerator Demo Day in London. It also marks first PoC that a U. K. high street bank has announced with a bitcoin company. Safello has already enrolled more than 20,000 users in Europe. Safello is among 10 businesses that showcased their innovative Fintech propositions at a Demo Day in London, as the second cohort of the Barclays....
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Whoever said that financial institutions and Bitcoin cannot co-exist is in for a huge shocker. The biggest news from the Barclays Accelerator event is that Safello has entered into a Proof-of-Concept (PoC) partnership with the financial giant Barclays. CEO and Co-founder of the Bitcoin startup Frank Schuil said, "Safello and Barclays will be working together on creating a new payment platform that will support bitcoins. The collaboration begins with a PoC trial to allow for donations to be sent to charities using Bitcoins." Founded in 2013, Safello got selected for Barclays Accelerator in....
Three startups working on blockchain-related products and services have been selected to join Barclays Accelerator in London this spring. Enrolled in the 90-day mentorship-driven program, which began today, are bitcoin exchange Safello, bitcoin-based debit card creators Atlas Card, and Blocktrace, which aims to provide blockchain solutions for the insurance industry. "The selection of Safello, Atlas Card and Blocktrace by Barclays Accelerator, at the very least, signals increased curiosity in the cryptocurrency space," said Frank Schuill, CEO at Safello, adding: "That is already a major....
Barclays has signed off on a proof-of-concept to trial bitcoin technology. Following an agreement with bitcoin exchange Safello, the UK bank says it will explore how blockchain technologies could bolster the financial services sector. Speaking to CoinDesk, Safello CEO Frank Schuil said Barclays' decision reflected a wider change in traditional finance: "If a Tier I bank signing a proof-of-concept with a bitcoin company isn't a sign of the times then I don't know what is ... their attitude is changing and it is changing fast." The announcement, made at the Barclays Accelerator demo session....
Safello, the Stockholm, Sweden-based bitcoin exchange, has moved a step closer to becoming a dominant European bitcoin exchange by winning a finalist spot in the BBVA Open Talent 2015 competition. The contest, now in its seventh year, awards innovative financial technology ("fintech") projects that contribute to the financial service industry's evolution. BBVA (Banco Bilbao Vizcaya Argentaria, S. A., a multinational Spanish banking group), launched its Open Talent contest to seek ideas that will disrupt the financial service industry in e-commerce, security, mobile payments, data and....
Safello which was founded in the year 2013, with a better level of performance, has become able to hold a valuable place in the Bitcoin industry. The user friendly procedure of Safello has drawn the attraction of a huge amount of customers all over Europe through providing a very easy way of getting into Bitcoin- the digital currency system. At the current time, Safello has digital money transaction facilities in 32 different countries in Europe with the facility of the direct payment system and other payment options like Bankgiro, SEPA, International Wire and Swish. It is great news for....