Digital Currency Revolution Series: Bakkt And Galaxy Digital Collaboration For Bitcoin Trading & Custody Services For Institutions
Digital Currency Revolution Series: Gemini Designates Ex-Goldman Sachs Executive As MD For APAC Region
Crypto-Technicals: Bitcoin Flirts Shy Of $10k As bears Drifts In Sideways After Hanging Man – Trading & Hedging Setup
Blockchain Revolution Series: KuCoin Partners with HyperLinq And Chainalysis to Provide Advanced Tools
Regulatory Series on Cryptocurrencies: US SEC Hammers Lobbyist CEO of AML Bitcoin With Fraudulent ICO Project
Digital Currency Series: Ethereum Halts Bullish Rout, What Drives Commendable Rallies? Quick Glimpse At Bullish Driving Forces
Digital Currency/Stablecoin/Tokenization Series: Crypto Garage Launches Yen-Pegged Stablecoin On ‘SETTLENET’
Regulatory Series on Cryptocurrencies: FCA Issues UK’s Crypto-Businesses Cutoff Date For Obtaining Licence
Digital Currency/Stablecoin/Tokenization Series: ‘FLYD’ Token Most Likely To Hit Crypto-Universe Amid Massive Protest In The US
Barclays to start accepting bitcoin
Barclays has recently announced that it will start accepting the controversial digital currency, bitcoin, later this year, as reported by The Sunday Times.
The UK-based multinational financial services firm stated that bitcoin has the "potential to change financial services" and has entered into partnership with an unnamed bitcoin exchange and intends to start the experiment by the end of the year.
It has already been conducting experiments into the digital currency in London-based labs and working with start-ups. Now it plans to test the cryptocurrency to allow people to donate to charities in bitcoin.
Derek White, chief design and digital officer at Barclays, told The Sunday Times, "Barclays is enabling the bitcoin exchange to help charities accept bitcoin."
The report further pointed out that Barclays is not the only bank that is taking its first step towards bitcoin and added that UBS is studying the "blockchain" or database, which records all bitcoin transactions.