Are you surprised?
No, not me.
Despite the blocksize debate, there is no stopping technology.
On another note, Bitcoin prices have remain stable lately, no fun.
But it is on the uptrend, so be prepared.
Ether has experienced a little surge providing 20% profit within 2 days, not too bad. Uptrend too.
Barclays set to become first UK high street bank to accept bitcoin as it starts taking charity donations in the virtual currency
- Company set to partner with a ‘bitcoin exchange’ or spending platform
- Has two bitcoin ‘labs’ in London and has been collaborating with start-ups
- Bought with real money and traded online, a bitcoin is worth around $230
- It can be traded instantaneously without a bank acting as a middleman
- But Barclays and others see its potential to reduce infrastructure costs
Barclays will be the first UK high street bank to accept bitcoin later this year, the company has announced.
It plans to allow people to make charity donations using the virtual currency by going into partnership with a ‘bitcoin exchange’.
Such spending platforms are essentially a way of allowing transactions to be carried out instantaneously without a bank acting as middleman.
Barclays will be the first UK high street bank to accept bitcoin later this year, with customers set to be able to make charity donations using the virtual currency
But not wanting to be left out and seeing its potential to lower infrastructure costs, Barclays has been experimenting with two bitcoin ‘labs’ in London and collaborating with start-ups, reports The Sunday Times.
It has around 75 staff looking into bitcoin and block chain at offices in Notting Hill and Old Street, close to the City of London.
Block chain is the database which records all bitcoin transactions and Barclays are not the only bank looking into its potential, with UBS also getting in on the act.
Barclays also uses a refurbished warehouse in Whitechapel, east London, to host get togethers between bitcoin enthusiasts.
The bank’s chief design and digital officer Derek White the aim was to ‘invite start-ups, academics, the government, to work at the space to connect with others that are interested in the bitcoin and block chain community.’
The currency has friends at the top of politics too, with David Cameron taking a bitcoin provider on a British trade mission to southeast Asia this month.