Lambda256 joins South Korea project to develop technology that could track illegal dark web transactions
Cryptocurrency Derivatives Series: Bitcoin Price Dynamics And Hedging Strategy Ahead of Options Expiry Season
Digital Currency Revolution Series: ETH/USD Bulls Uproar Ahead Of Ethereum 2.0 Testnet, Uphold Long Hedges
Digital Currency Revolution Series: Bitcoin Reclaims $10k Mark, FxWirePro’s Long Hedges On Its Functionality
Regulatory Series on Cryptocurrencies: US SEC Hammers Lobbyist CEO of AML Bitcoin With Fraudulent ICO Project
Digital Currency Revolution Series: Take A Look On Buzzing Crypto-Space Amid Flurry of Fundamental Events
Blockchain Revolution Series: Ernst & Young Features In Top-3 Enterprises Blockchain Solution Provider
Regulatory Series on Cryptocurrencies: BIS Sheds Some Light on Evolution of CBDC Amid Pandemic Covid-19
Blockchain Revolution Series: India’s Leading IT Giant TCS Launches Quartz Smart Solution For Cryptocurrency Trading
Cryptocurrency Derivatives Series: Brazil’s SEC CVM Orders Cryptocurrency-Exchange Binance To Stop Futures Trading
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.