Coinbase adds support for Faster Payments in the UK. No more SEPA transfers for GBP investors.


#1

Great news for all UK crypto investors. From Coinbase blog post:

“…we are announcing today that Coinbase will add support for the UK’s Faster Payments Scheme (FPS). By replacing SEPA for UK customers, Faster Payments will offer a familiar payment experience and is supported by all major UK banks. UK customers will benefit from faster, safer and seamless bank transfers. We will start with a pilot, giving a small number of institutional users access to Faster Payments. In the coming weeks, we will begin rolling out to all UK customers, making the Coinbase experience increasingly easier.”

This will probably reduce a number of new user from the UK who signed up with Revolut to use SEPA transfers to Coinbase. Not a great news, because many of those soon discovered other great features of Revolut…


#2

Yeah,i red it on RT .
They got e-banking licence ,so fintech aswell. :slight_smile: