Coinbase Now Supports British Pounds For Crypto Transactions Via UK Banks

Coinbase, a San Francisco-based crypto exchange and wallet provider, officially rolls out British pound (GBP) support for its UK customers to soundly sustain consistency, efficiency, and reliability. This feature will undoubtedly make way for faster deposits and withdrawals from Coinbase to British bank accounts.

With the support of British pounds (GBP), bank accounts would accurately facilitate the buying and selling of crypto within a short space of time not exhausting more than a day of operation.

Prior to the inception of the British pound feature, Coinbase UK customers usually pass through exhausting lengthy procedures before converting bitcoin to fiat. The laments of the customers on converting bitcoin cash and litecoin into Euros and then into pound sterling before one could satisfy its crypto obligations. In addition to their worries, after undergoing the above tortuous task, it then takes several days before one’s transaction can be marked successful.

Coinbase representative coherently asserts how they have been trying to satisfy the UK based customers saying,

“we’ve worked hard over the last few months to add GBP support for Coinbase customers across several of our product offerings in the UK.”

The company also points out the fact of how customers are the highest focus of priority, vehemently vouching on making Coinbase the most trusted compliant in the brand space. They officially enlisted major steps stringed towards proving efficiency.

Obtaining e-money licenses for fiat operations from the Financial Conduct Authority (FCA), adding support (BGP) for faster payment bidding and peaking at the mark of being the first cryptocurrency trading platform to obtain a bank account with a UK bank considered to be a major. All these steps are seemingly tasking, but productive and was acclaimed to be finalized in March.

Also in the month of July, the previous statement release of Coinbase as having been obtained US securities and exchange commission (SEC) ally have been reversed that neither the SEC nor the Financial Industry Regulatory Authority (FIRA) had been approved as security dealers.

However, in the early days of same July, the company publicly announce the introduction of the five new cryptocurrencies including Cardono (ADA), Basic Attention Token (BAT), Stellar Lumens(XLM), ZCASH(ZEC) and Ox( ZRX). This announcement surged a sense of delight to the customers as more gains are to be secured.

Faster payments will be of advantage to UK customers especially for Coinbase pro and Coinbase prime users who of no doubt would easily transfer funds.  This feating stride has added more light to the crypto industry as it breeds more followership amongst the UK citizens.