Barclays Signs Compliance Deals with Bitcoin Startups

- October 14th, 2015

The UK bank Barclays has signed contracts with eight startup FinTech companies, two of which will focus on blockchain technology.

The UK bank Barclays has signed contracts with eight startup FinTech companies, two of which will focus on blockchain technology.
According to CoinDesk:

Co-hosted by TechStars, the 11 startups graduating the 13-week program included bitcoin compliance firm Chainalysis and accounting startup Wave, which will embark on the initiatives.
Speaking to New York Business Journal, Barclays chief design and innovation officer Derek White called the deals with Chainalysis and Wave a “game-changer” for the bank.
Barclays indicated it would partner with Chainalysis to allow its financial crime and transaction monitoring teams to obtain the necessary information to transact with bitcoin companies.
Chainalysis co-founder Jonathan Levin said this would position Barclays as one of the first mainstream financial institutions to provide services to bitcoin firms, many of whom struggle with access to basic banking.

 
Click here to read the full article on CoinDesk.

 

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