Blockchain.com is adding to its cryptocurrency exchange The Pit a British pound (GBP) gateway, in the light of preparing to upcoming separation of Britain from the European Union (EU) – Brexit, BitcoinDoubler2x has learned.
The new update will use British Faster Payments Service (FPS) to let Blockchain.com`s users to purchase cryptocurrencies in the United Kingdom (UK) immediately.
At the current time, Britain and its nation is coming through a period of uncertainty. Because of Brexit British future is not clear enough. Though, this uncertainty coincides with the growing interest of the British in Blockchain.com, as website`s representatives inform.
Blockchain.com Executive Vice President of Product Xen Baynham-Herd didn`t give any detail about FPS, British banking initiative, which sharply reduced settlement times between banks-participants. In addition, he denied announcing the bank, that Blockchain.com uses.
“We cooperate with several banks, but cannot disclose their names”, – he said in the interview with CoinDesk.
For recent years, other cryptocurrency exchanges with clients in Great Britain also have used to work with FPS. Although, these partnerships have had different success.
For example, in 2015 Swedish crypto exchange Safello lost its FPS access, when an incognito partner bank severed ties – just in 6 weeks after service`s launch. And Safello did not manage to set up ties with other banks.
The other days, Coinbase, one of four crypto exchanges, having access to FPS, timely disconnected FPS service.
Though it is not clear which banks Blockchain.com has partnered with, Baynham-Herd said the FPS service is already gaining traction among sterling-centric users.