[2014-10-21] Telegraph: Convincing banks about Bitcoin is 'challenging'

[botany]

Convincing banks about Bitcoin is 'challenging'

http://www.telegraph.co.uk/technology/news/11174986/Convincing-banks-about-Bitcoin-is-challenging.html


Getting banks on board is “challenging”, admits Armstrong, who points out that there are no British lenders currently offering accounts to Bitcoin startups. In other markets it has taken six months of meetings “just to get them comfortable”.

“These banks are usually quite sceptical. That’s a hard, difficult process that involves a lot of meetings,” he says. Coinbase hopes to launch on these shores “soon”.
“We have to be patient. It could happen in a week or ten years,” he adds