RATE Group | Blockchain.com adds British Pound support ahead of  Brexit
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Blockchain.com adds British Pound support ahead of  Brexit

21 Dec Blockchain.com adds British Pound support ahead of  Brexit

Posted at 11:30h in Cryptocurrency News by

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  • Blockchain.com  allows customers using GBP to deposit accounts and withdraw money.
  • Cryptocurrencies are in demand in the UK ahead of Brexit.

A cryptocurrency wallet provider,  Blockchain.com, now allows users to withdraw money in British Pounds (GBP). The company added a payment gateway for this fiat currency to its recently launched cryptocurrency exchange, The Pit.

The company enabled the U.K. Faster Payments Scheme (FPS) that allows instantly depositing and withdrawing funds in GBP. Currently, The Pit users can buy and sell only tow cryptocurrencies – Bitcoin (BTC) and Ethereum (ETH); however, the company plans to add more coins in the nearest future. 

Faster Payments Scheme has been launched to reduce the processing time between the customers of different banks from three business days to several seconds. 

The representatives of  Blockchain.com explained that they added FPS support because the users from the U.K. are among the most active segments…

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