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Author Topic: [2015-08-30] Sunday Times - Barclays Bank to set Bitcoin rolling.  (Read 528 times)
gentlemand
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August 30, 2015, 02:34:03 PM
 #1

This all seems a little vague to me, but feast your eyes anyway.


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chmod755
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August 30, 2015, 04:45:27 PM
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Oh, awesome, you got the print version. Thanks for sharing.

Fun fact: A study conducted by Swiss researchers in 2011 suggested that Barclays is the most powerful bank in the world - controlling roughly 4.05% of the world's wealth
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August 30, 2015, 06:31:00 PM
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aims to begin the experiment by the end of the year. Derek White, chief design and digital officer at Barclays, said: "Barclays is enabling the bitcoin exchange to help charities accept bitcoin."

That's pretty clever of them. Use charities and non-profits as a pilot to conduct bitcoin services. There are no tax and money laundering issues for charities (notable ones at least). They could be the first high street bank to offer bitcoin banking in a few years.  Smiley
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September 02, 2015, 09:42:34 AM
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And I will add another article about that.

http://arstechnica.co.uk/business/2015/09/barclays-to-become-the-first-major-bank-to-accept-bitcoin/

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According to a report in The Sunday Times, Barclays currently has 75 staff at two of its research labs in London working on accepting Bitcoin. Like most companies and organisations that decide to accept Bitcoin, Barclays won't deal directly with the cryptocurrency—rather, the bank will work with an as-yet-unknown Bitcoin exchange. One possible candidate is Safello: a Stockholm-based Bitcoin startup that Barclays invested in earlier this year.

To begin with, the roll-out will be slow: only charities will be able to pay bitcoins into Barclays bank accounts. Presumably, if everything goes as planned, a larger swath of Barclays customers may be allowed to pay bitcoins into their accounts.

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