Bitcoin Forum

Barclays: Bitcoin, FinTech And More... How The British Bank Is Disrupting Finance

Earlier this month, Britain's top financial regulator The Financial Conduct Authority with the help of British government, granted electronic money license to Boston-based company Circle, which uses the technology behind Bitcoin to allow costumers send and receive currency transfers between pounds and dollars.

http://seekingalpha.com/article/3964622-barclays-bitcoin-fintech-british-bank-disrupting-finance?utm_content=buffereba8f&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Barclays made a very strategic move to use Circle as a partner to get a foot hold in the Crypt currency world. The significant edge they received from

this move, is the following :

~ They do not need to dump millions of pounds into the development of their own Blockchain tech,  like the other banks.
~ They can quickly get into the market and be one of the first banks to make this move.
~ They using a VERY strong existing network. {Bitcoin}

I tip my hat to Barclays for making such a good decision.  ;D ;D

They don't seem to think so though, according to the text, they're using "the technology behind Bitcoin", which is ignorance at best (and likely just PR new-speak; "we're not using that nasty Bitcoin stuff...... unless that's what turns you on, in which case we are!")


Cannot agree with that statement...... although I am pleased that Barclays have made this move.

Circle were an incredibly shallow Trojan for a banskter led attack against Bitcoin; they were funded by Goldman Sachs, Bank of Ireland et al, plus they were staffed with former PayPal and Walmart executives. And big surprise: Circle promoted Mike Hearn and Gavin Andresen's (the prominent bitcoin Judas's) plans to kill decentralised nodes with super-exponential increases in resources (thinly disguised as a plan to "save" the network). Circle even employed Mike Hearn directly as a consultant.

So forget any ideas of this being good for Bitcoin directly. The only purpose this event can have in terms of promoting Bitcoin is to associate Bankster stooges with Bankster stooges. And this deal is one serious Bankster orgy. It simply makes the old reality more publicly obvious.