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Author Topic: Barclays to start accepting bitcoin  (Read 1715 times)
foxbitcoin
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August 31, 2015, 06:49:20 PM
 #1

The UK-based multinational financial services firm stated that bitcoin has the "potential to change financial services" and has entered into partnership with an unnamed bitcoin exchange and intends to start the experiment by the end of the year.

Read more at http://www.econotimes.com/Barclays-to-start-accepting-bitcoin-82378#kRtUb7prLHzijPR8.99


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1513312702
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August 31, 2015, 07:03:15 PM
 #2

That is good news. Perhaps we will se finantial funds in which Bitcoin has some part soon. Also, bank cooperation would make fiat to Bitcoin conversion easier  Grin

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August 31, 2015, 07:34:05 PM
 #3

The UK-based multinational financial services firm stated that bitcoin has the "potential to change financial services" and has entered into partnership with an unnamed bitcoin exchange and intends to start the experiment by the end of the year.

Read more at http://www.econotimes.com/Barclays-to-start-accepting-bitcoin-82378#kRtUb7prLHzijPR8.99

Great to get our foot in the door when i first saw the headline i though cool so we can deposit our bitcoins in barclays (not that i would many) but no... looks like they are starting out with charity donations.
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August 31, 2015, 07:44:14 PM
 #4

I wonder why they're so keen to support a trend that will kill the massively successful business they run at present? I wonder which BIP for the blocksize limit they prefer, can anyone guess?  Cheesy

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August 31, 2015, 08:03:16 PM
 #5

Looks like good news,why do I get my back up lately about good news. Undecided
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August 31, 2015, 08:05:08 PM
 #6

The UK-based multinational financial services firm stated that bitcoin has the "potential to change financial services" and has entered into partnership with an unnamed bitcoin exchange and intends to start the experiment by the end of the year.

Read more at http://www.econotimes.com/Barclays-to-start-accepting-bitcoin-82378#kRtUb7prLHzijPR8.99
That's atleast some good news for bitcoin, there is even few dollar (like 5) rise in price.

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August 31, 2015, 08:09:05 PM
 #7

I want people getting paid in Bitcoin.

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August 31, 2015, 08:19:08 PM
 #8

Wow, really awesome news. Barclay is a giant in financial services. They have already had few positive statements about Bitcoin in the press in a last resort weeks and now this. I guess they are recognizing a true potential of the Blockchain technology and are also recognizing that what is coming in the future is completely unavoidable. So why fight it and get left behind, if you can maybe use a head start and profit from it.
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August 31, 2015, 08:23:16 PM
 #9


The UK-based multinational has entered into partnership with an unnamed bitcoin exchange and intends to start the experiment by the end of the year.


That'll be Safello as they're under the Barclays wing.




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August 31, 2015, 08:31:40 PM
 #10

So far they will allow charities to accept bitcoin

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August 31, 2015, 10:17:55 PM
 #11

Soon, we will see a Bitcoin logo when we watch Barclays Premier League Grin

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August 31, 2015, 10:22:23 PM
 #12

That's certainly a step in the right direction, but it's a very small one. Giving money to charities is nice, but we want to do business with BTC. Barclays has yet to propose anything regarding that...
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August 31, 2015, 10:34:39 PM
 #13

That's certainly a step in the right direction, but it's a very small one. Giving money to charities is nice, but we want to do business with BTC. Barclays has yet to propose anything regarding that...

You don't need to wait for them  Roll Eyes

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August 31, 2015, 11:04:30 PM
 #14

Fantastic news,finally there is big bank who want o coparate,instead those who see enigmatic value in bitcoin technology


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August 31, 2015, 11:08:24 PM
 #15

Now it plans to test the cryptocurrency to allow people to donate to charities in bitcoin.
Will the price of bitcoin rise? what do you think guys?

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August 31, 2015, 11:13:34 PM
 #16

What exactly will be Barclays' role in this? Charities don't need financial intermediaries to accept bitcoins. Are they looking to help the charities covert Bitcoin into fiat? If yes, then they are just looking at a business opportunity.

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August 31, 2015, 11:44:09 PM
 #17

Now it plans to test the cryptocurrency to allow people to donate to charities in bitcoin.
Will the price of bitcoin rise? what do you think guys?

This is a very good question.
My hunch says a possible small rise in price, simply because a new demographic of people will learn what bitcoins are all about.
I think that it would be massive if bitcoin acceptance can change the amount of donations several legit organizations receive each year.
All in all, this is very good news IMHO

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August 31, 2015, 11:45:21 PM
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If i am not mistaken, there was talk about this happening earlier on. Anyways it's nice to see bitcoin gaining even more support, but i honestly
doubt it will have any impact on the price, at least not a noticable one.


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August 31, 2015, 11:46:13 PM
 #19

Now it plans to test the cryptocurrency to allow people to donate to charities in bitcoin.
Will the price of bitcoin rise? what do you think guys?

This is a very good question.
My hunch says a possible small rise in price, simply because a new demographic of people will learn what bitcoins are all about.
I think that it would be massive if bitcoin acceptance can change the amount of donations several legit organizations receive each year.
All in all, this is very good news IMHO



I dont know if it is possible now to buy bitcoin in this bank?
If if is so then the bank should have 100s of bitcoin in their wallet so the price should be increased.

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August 31, 2015, 11:49:51 PM
 #20

If i am not mistaken, there was talk about this happening earlier on. Anyways it's nice to see bitcoin gaining even more support, but i honestly
doubt it will have any impact on the price, at least not a noticable one.

Bitcoin's price has stopped reacting to news about adoption / increased use some time ago. Right now, it seems to be influenced by macro-news (Greek crisis, Chinese economy, etc). So I doubt if the impact of Barclays support will be material.

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