Published on August 31st, 2015 | by bitcoin0
Barclays Customers now can make Bitcoin Payments, Charities first
Barclays has been experimenting with Bitcoin and working with digital currency start-ups for some time.
In June, Barclays signed a deal with Bitcoin company Safello to explore financial applications of the blockchain technology that powers Bitcoin.
Now, as reported by The Sunday Times, Barclays plans to test the virtual currency, allowing people to make donations to charities in bitcoin.
With this move, Barclays will be the first major bank to help selected customers to receive bitcoin payments directly in their bank accounts, establishing an important precedent.
It can be expected that, after this first initiative focused on charities, Barclays could consider gradually allowing ordinary business and residential customers to receive bitcoin payments.