Barclays to Explore Financial Applications of Blockchain, Signs Deal with Bitcoin Company Safello
Of the 10 firms to take part in Barclays' 13-week fintech accelerator program in London, seven are now "exploring opportunities" with the bank, Finextra reports. The Barclays Accelerator program, offered in partnership with the Techstars global networks, includes mentorship and opportunities for financial technology startups to access industry experts,....
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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....
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....
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....
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....
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....