The new chapter of Coinbase: the exchange will accept payments in GBP

Thanks to this innovation, British users will get more access to the trading system on a stock exchange. Initially, the use of GBP will be available only in the UK. The system will enable users to make quick transactions in the national payment system for customers from the UK.

At the first stage, the system will have particular limitations. Customers will be able to conduct transactions of up to 250,000 pounds. This limitation is linked to the fact that special system Faster Payments will be able to handle only this maximum value. Despite this nuance, this innovation marks a new milestone for Coinbase, especially in the UK.

Earlier, the clients of this stock exchange in Great Britain were forced to face some difficulties. They consisted of a higher fee rate and a slower transaction period. However, now with the addition of GBP and Faster Payments System, customers from Britain can enjoy a more convenient and advantageous exchange rate. Also, this innovation will help to reduce the commission fee and significantly reduce the time of transactions. For example, the withdrawal process of funds to the account will take only 2 hours.

According to the representatives of the exchange, Coinbase aims to provide customers around the world with the easiest way to convert fiat into cryptocurrency and vice versa. The development process of the stock exchange will go on. The team strives to continue to invest in partnership programs and infrastructure, which will help to improve the system.