US cryptocurrency exchange coinbase has found a new partner for faster payments in Britain.
Coinbase can now provide real time payments for customers in Britain through Clearbank.
It lost the ability to do so when its partnership with Barclays Plc ended in July.
ClearBank is a direct participant of the UK’s faster payments system.
What does this mean?
Cryptocurrency firms have a hard time making deals with traditional banks and lenders, due in part to the compliance issues they bring about. Thanks to the deal with ClearBank, Coinbase customers – both individuals and companies – will be able to make deposits and withdrawals in less than a minute.