Tuesday, October, 15, 2019 05:36:11

Bitstamp inks partnership deal with BCB Group to start GBP transfers

  • The new partnership would enable Bitstamp’s clients to withdraw and deposit money that is denominated in GBP directly.
  • The deal would facilitate enhanced efficiency as well as reduced costs to Bitstamp customers.

Bitstamp, the biggest cryptocurrency exchange in Europe, and BCB Group, a renowned global digital asset prime broker, have reportedly announced a new partnership that would enable investors from the United Kingdom to carry out transfer of GBP denominations directly through their Bitstamp accounts.

Apart from allowing Bitstamp users in the UK to transfer money directly in GBP, this partnership would also allow withdrawals and deposits of funds directly in GBP, which will greatly reduce costs and enhance efficiency for Bitstamp clients.

BCB Group serves the needs of institutions, exchanges, and also clients with high net worth that are looking for OTC best implementation for their respective accounts, and those who intend to facilitate digital asset services to their customers.

Meanwhile, Bitstamp is known as the longest standing cryptocurrency exchange in the world and an industry pioneer that has always focused on secure and reliable services since it opened for business back in 2011.

The CEO of Bitstamp, Nejc Kodrič stated that company’s collaboration with BCB Group is a great fit. Nejc further stated that one of the company’s primary focus point would be to provide strong payment rails to its customer base, which is spread across the globe. The company is thrilled to have BCB group facilitate it with an additional boost in its efforts.

The CEO of BCB Group, Oliver von Landsberg-Sadie stated that the company was pleased to work with Bitstamp to develop an efficient transaction experience for its clients base in the UK that wishes to be able to withdraw and deposit money in GBP.

According to reports, financial terms of the partnership agreement have not been unveiled by any of the involved parties yet.

Source Credits: https://finance.yahoo.com/news/bcb-group-bitstamp-announce-partnership-080000068.html