Crypto Wallet Firm Cryptopay Launches UK Bank Transfers
By Mark Lemon – Cryptocurrency Dealer
Cryptopay, a debit card service and crypto wallet company, has now introduced Great British Pound (GBP) transfers via the Faster Payments Scheme (FPS).
Cryptopay made the announcement in a recent Cointelegraph news release on October 9, elaborating that its United Kingdom-based users are now able to send transfers to their account and also make withdrawals in GBP while preventing Euro conversion charges. This gives them better value when buying Bitcoin (BTC), but you can still get the best value to buy crypto UK through our platform.
It was explained that all users will get a sort-code and account number, allowing them to make transfers bearing their own name. This is key as many banks have been known to prevent crypto-related transactions.
Introducing New Services and Expanding to New Territories
Now, Cryptopay is already working on its European card program whilst starting the distribution of prepaid cards in Russia. At the end of 2019, the company is planning to introduce more services including the ERC-20 tokens wallet and exchange and a BTC brokerage. Don’t forget, we’re already the UK’s most Trusted Bitcoin broker to buy Bitcoin UK.
In January of this year, it was announced that Visa had ended its working relationship with debit card provider Wavecrest, which also affects the products provided by Bitwala, Wirex, and Cryptopay among others. This move was first seen as a massive crackdown on crypto services; however, it was later revealed to be terminated due to WaveCrest’s violation and continued non-compliance of Visa’s policies.
You can already buy Bitcoin UK over on our platform along with a huge list of ERC-20 tokens so check them out!
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards