Barclays Bank Supports Bitcoin as Payment Method

Recently, Barclays, the second largest bank in the UK, announced that it supports Bitcoin as an alternative payment method to digital currency for donations to charities.

The Times reported in an article earlier that a multinational financial services company hinted that it was working with an unnamed Bitcoin exchange or consumer platform and would strive to officially launch services in 2016. Derek White, chief design and digital officer at Barclays, said: Barclays allows Bitcoin exchanges to help charities accept Bitcoin. White also revealed some details about the partnership with the Bitcoin exchange. Barclays Bank is also constantly researching and expanding Bitcoin and blockchain technology.

In this regard, Xu Mingxing, founder of OKCoin (www.okcoin.cn), the largest bitcoin trading platform in China, said: Many financial institutions and public welfare organizations abroad have used bitcoin for fund raising and payment, and have achieved success. Bitcoin should contribute to various industries in more fields and gain a broader space for development.