Barclays quietly shuts down several bitcoin exchange PingIt accounts

Barclays quietly shuts down several bitcoin exchange PingIt accounts

THELOGICALINDIAN - It appears that bygone UK cyberbanking academy Barclays which owns and operates the acquittal account PingIt shut bottomward several bitcoin barter agent accounts after advice the barter sellers in advance

Pingit links your adaptable cardinal with your coffer account, and makes it quick and accessible to accelerate money. You don’t charge to apperceive annual numbers or array codes – aloof ping it from your adaptable device. Several bitcoin exchanges in the UK accept acclimated PingIt as a acquittal adjustment for users to buy bitcoin.

Yesterday, we began to see tweets from bitcoin exchanges advertence that Barclays Pingit has mass-blocked bitcoin agent accounts.

Two of the UK exchanges which verbally accepted the PingIt annual closures were Bittyliciousand BitBargain. Other exchanges that we’re acquainted that additionally use PingIt in the UK are Roolo and some LocalBitcoins sellers. There may be others that we’re blind of at this time.

Just aftermost month, bitcoin barter account provider Circle expanded to the UK, with a affiliation with Barclays, making Circle the first agenda bill close to accept an e-money authorization from the UK Financial Conduct Authority. However, added exchanges haven’t had as abundant luck alive with Barclays either. Safello, based in Sweden, says that Barclays has not been able to open an accountfor them at all.

We accept accomplished out to Barclays PingIt for official animadversion on the acumen why these accounts were closed. Once we accept added information, we will column an update.