Barclays Set to Start Experimenting with Bitcoin
Barclays is set to become the first UK bank to officially accept payments in Bitcoin, as reported in The Sunday Times. The multinational banking and financial services company announced recently that it is set to become the first bank in the United Kingdom to start accepting Bitcoin as a payment method. Barclays announced that they could start experimenting with Bitcoin as early as by the end of this year. Stating that Bitcoin has the potential to change financial services, Barclays revealed that it has entered into a partnership with an undisclosed Bitcoin exchange. They also revealed....
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Barclays is about to become the first mainstream bank to openly and directly support bitcoin transactions, The Sunday Times reports. The Daily Mail echoed the news for its huge readership. Barclays has been experimenting with Bitcoin and working with digital currency start-ups for some time. Speaking at the Morgan Stanley European Financials Conference in London, Barclays' CEO Antony Jenkins warned the "banking sector has not yet felt the 'full disruptive force' of technology - but it will." He elaborated on the growing concern among financial institutions that faster, cheaper payment....
Following the launch of Ethereum Project's Frontier developer release, UBS and Barclays have started experimenting with the open-source distributed computing platform. This network provides an incentive called ether, which is similar to bitcoin. A source from Barclays told IBTimes that they are front-runners in exploring this kind of technology, as very few individuals are aware of how this could transform the banking industry. "You are talking about 100 or 200 people that are building stuff with this and some of them are from banks," the source said. "It's the beginning. It's not even the....
At the end of Barclays' 13-week fintech accelerator program, the bank announced that it signed contracts with eight participating companies, two of which are involved in blockchain tech. The Flatiron District in New York has been home to the newly-launched Rise fintech laboratory, following Barclays' initiative in London a few months back. "We've done it in London, invested heavily over the past two years to connect the ecosystem there, and we're doing it now in New York City," said Derek White, Barclays chief design and innovation officer to the New York Business Journal. Rise of....
The Barclays Accelerator, which is powered by Techstars, has now embraced Cape Town and is promising to be a gateway to many of the fastest growing global economies of the world. It is also offering a 13-week programme which promises to "tap into this strong financial centre and offer mentorship, support and a wealth of money-can't-buy knowledge and experience. Startups will also gain access to our mentors, industry experts, and Barclays executives globally." Speaking to howwemadeitinafrica.com Ashley Veasey, chief information officer of Barclays Africa said that "if you look across the....
Barclays Bank received the most complaints in the first half of 2016 of all financial services firm, according to latest figures from the UK financial regulator. The Financial Conduct Authority said that between January and June Barclays complaints increased 3% from the second half of 2015, reaching 287,463. HSBC was the only other big five High Street banks to see complaints increase. HSBC’s complaints also rose 3% to 124,891. Lloyds Bank, however, saw complaints decrease 7% to 213, 163, remaining second to Barclays. Barclays has taken steps to improve customer service, the banks says,....