Published on August 30th, 2015 | by bitcoin0
Barclays First To Jump On Bitcoin Wagon
It plans to allow people to make charity donations using the virtual currency by going into partnership with a ‘bitcoin exchange’.
Such spending platforms are essentially a way of allowing transactions to be carried out instantaneously without a bank acting as middleman.
It has around 75 staff looking into bitcoin and block chain at offices in Notting Hill and Old Street, close to the City of London.
Block chain is the database which records all bitcoin transactions and Barclays are not the only bank looking into its potential, with UBS also getting in on the act.
Barclays also uses a refurbished warehouse in Whitechapel, east London, to host get togethers between bitcoin enthusiasts.