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British Bank Barclays Partners with Coinbase

British bank barclays partners with coinbase

British Bank Barclays Partners with Coinbase

Ashour Iesho · March 18, 2018 · 5:00 am

One of the world’s biggest cryptocurrency wallet and trading platforms, Coinbase, has completed a deal with one of the biggest banks in Britain. 

bitcoin Trading to Become Easier for British Residents

Coinbase, one of the biggest cryptocurrency exchange platforms worldwide, has announced that it successfully opened a bank account with the major British bank, Barclays. According to a recent CNBC article, most British banks have abstained from doing business with cryptocurrency-related businesses, in general, due to concerns of illicit activities.

Coinbase

Coinbase believes that the new partnership with Barclays will make trading bitcoin and other cryptocurrencies much easier and faster for British investors and traders. Before the partnership, British users of the cryptocurrency exchange would have to wait a couple days before their funds would arrive in their bank accounts. The UK CEO of Coinbase, Zeeshan Feroz, stated to CNBC:

U.K. customers will benefit from faster, safer and seamless bank transfers. We will start with a pilot, giving a small number of institutional users access to Faster Payments. In the coming weeks, we will begin rolling out to all U.K. customers, making the Coinbase experience increasingly easier,

Analysts expect a rise in British cryptocurrency traders thanks to the faster bank transfers which the exchange is going to offer in the upcoming weeks.

Expanding into the British and European Market

The new partnership with Barclays isn’t the only positive news concerning the popular cryptocurrency exchange. Coinbase has also managed to receive an e-money license by the British Financial Conduct Authority (FCA).

Uk

The license also allows the exchange to add support for the Faster Payments Scheme (FPS). It’s also worth noting that the e-money license also grants access to 23 more European countries. Anticipating greater demand for services, Zeeshan Feroz also mentions that the exchange is planning to increase their team in London by roughly eight times.

What are your thoughts on Coinbase entering a partnership with Barclays? Do you think that more British banks will partner with the cryptocurrency exchange? Let us know in the comments below!

 Images courtesy of Bitcoinist archives, Adobestock, and Coinbase via Glassdoor.

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Published at Sun, 18 Mar 2018 09:00:38 +0000

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Startup of Dubai launches ICO to develop applications based on blockchain technology

The Royal Kingdom Enterprise presents projects founded on Crypto’s billionaire market economy by providing participation in the results.

Since Blockchain technology has become the holy grail of the technology sector and its implementation possibilities have influenced the development of solutions in diverse industries, the company has initiated the process of creating projects to accompany this trend.

Aligned with the view of the Dubai Government of having its services and documents registered in blockchain up to 2020, the Royal Kingdom Enterprise invites to the opportunity to bridge the potential of the technology blockchain the needs of people and public or private enterprises.

“Today, July 10, 2017, the Royal Kingdom Enterprise presents the opportunity to participate in this development through its ICO.”

To develop products and services that aggregate value to society in a sustainable way, the Royal Kingdom Enterprise decided to seek funding through crowdfunding, developing its own token (Royal Kingdom coin-RKC), a ERC20 at the top of the blockchain of the Ethereum platform. The issuance of the RKC token aims at the voluntary participation of network users to promote projects proposed by the company.

In this way we invite everyone to know our projects and align themselves with the same goal through the involvement of the ICO of the Royal Kingdom coin. The total quantity of RKC will be in the limited number of 15 million (15 million) in total (including those available for sale during ICO 2,700,000). Your issuance will be unique and it will not be possible to generate new RKC tokens, because they will be configured on the smart contract.

In the medium and long term, the Royal Kingdom coin will show itself as a reflection of the organization’s positive performance, obtaining its own market value, being regarded as a consumable virtual product. The initial value of each token will be $0.10, and this price will increase proportionately according to the volume of its acquisition by the market.

The RKC token can be acquired from the Venture Kingdom platform, you must register and enter balance in bitcoin or ether to be prepared for the opening of the ICO. Contributing to the ICO of Royal Kingdom coin, through the acquisition of RKC, grants benefits to the coin carriers. Among them we would like to highlight that the Royal Kingdom Enterprise from February 2018 will share with the participants the monthly earnings acquired.

Monthly will be allocated 50% of the company’s profits to purchase the RKC token on the market, and these will be distributed proportionately to the carriers of the RKC according to the amount of coins they possess in their wallets RKC.

ICO participants invest in the success of the Royal Kingdom enterprise projects and can help to disclose the sale of RKC tokens to increase awareness in the general community, enabling the anticipated liquidity of RKC tokens through our reward campaign.

The ICO is a transformative step for the development of the projects of the Royal Kingdom Enterprise, as it makes it possible through the community’s participation to construct ideas and share the results.

To understand the project in full we offer the whitepaper, on the official page of the ICO of the Royal Kingdom coin.

Be part of this construction and come with us!

Images courtesy of Royal Kingdom Enterprise

The post Startup of Dubai launches ICO to develop applications based on blockchain technology appeared first on Bitcoinist.com.

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