Barclays to Begin Offering Bitcoin Payments for Customers, Beginning with Charities

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....

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....

The British multinational bank has informed customers it is no longer facilitating payments made to the crypto exchange, confirming reports from users over the last week. Customers have been reporting that Barclays, a British multinational universal bank, has been blocking payments to Binance cryptocurrency exchange over the last week. The financial services giant has confirmed to cardholders that Barclays debit/credit card payments to the cryptocurrency exchange will not be allowed until further notice.One of crypto investment dashboard Wealth Kode's cofounders, who goes by Lee on....

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....