September 25, 2020

Barclays no longer supports Coinbase user accounts

Barclays no longer supports Coinbase user accounts

Coinbase broke partnership with London-based Barclays Bank, which allowed exchange users gain access to a faster payment system (FPS) and helped withdraw and deposit British pounds to exchange accounts.

Now, there will be financial transactionstake more time. This problem is temporary because the exchange has signed a new contract with ClearBank. ClearBank is noted for its stable performance and intends to provide Coinbase access to FPS by the third quarter of the year.

It was this collaboration that drove Coinbaseexclude Zcash from its service in the UK. Since cryptocurrency is confidential, ClearBank is not ready to bind itself with a currency that could complicate the work of law enforcement agencies.