UK Banking Giant Barclays to Allow Charities to Accept Bitcoin
Barclays has announced it will take its first steps toward supporting the use of bitcoin as an alternative payment method by allowing charities to accept donations in the digital currency. In a new article in The Sunday Times, the multinational financial services firm hinted that it had entered into a partnership with an unnamed "bitcoin exchange or spending platform", and that it would seek to begin a formal rollout of the service by 2016. Barclays chief design and digital officer Derek White provided the news source with few details about the partnership, other than to state that it was....
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Leading UK Bank Barclay's has denied it will accept Bitcoin later this year as reported in numerous publications including The Sunday Times and Ars Technica. The report stated Barclay's would work with an un-named Bitcoin exchange and that, at first, only charities would be able to pay bitcoins into Barclays accounts. However, CCN received an email from Barclays regarding the reports, and the bank promptly denied any such plans. "Barclays is not accepting or holding any Bitcoin as some outlets have suggested," Barclays' Candice Macdonald, Vice President of Group Media Relations, wrote. "No....
Barclays has recently announced to accept Bitcoin, a decentralized digital currency, as a form of donations for charities. According to the The Sunday Times, the British multinational banking services company formed a strategic partnership with an unnamed Bitcoin exchange to feed its purpose to "experiment" with the controversial payment technology. The pilot program is further believed to go on floors by the end of this year, with the sole aim to bring Bitcoin into the mainstreams. But for many, Barclays is being too cautious in its approach to embrace the Bitcoin technology. The....
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....
UK banking giant Barclays took another step toward positioning itself at the forefront of innovators in the blockchain sector last week with the news it had become the first to trial Corda, a new distributed ledger platform from partner R3CEV. The prototype, demoed at the Barclays Accelerator in London last week, follows a particularly active period for Barclays, which earlier this month revealed it would provide banking services to blockchain payments startup Circle, and earlier this year, participated in a test of a private version of the Ethereum blockchain with 11 R3 member banks. In....
UK banking giant Barclays signed contracts with eight graduates of its New York-based FinTech accelerator program today, two of which will partner with the company on applications using blockchain technology. Co-hosted by TechStars, the 11 startups graduating the 13-week program included bitcoin compliance firm Chainalysis and accounting startup Wave, which will embark on the initiatives. Speaking to New York Business Journal, Barclays chief design and innovation officer Derek White called the deals with Chainalysis and Wave a "game-changer" for the bank. Barclays indicated it would....