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A new protocol enables atomic swaps between fiat and crypto — enabling digital assets to be bought directly from a bank account within minutes.
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Bank Accounts News
A bank account is an account opened and provided by a bank for an entity or individual for their participation in a cashless money flow or storing of money for further use. There are about eight different types of bank accounts, depending of the purpose of use. Moreover, it is currently possible to check bank accounts online and get all the necessary information without leaving home. Since the cryptocurrency industry has grown and become more popular, many startups related to this technology have appeared. However, because cryptocurrency regulation has not been established in many countries, opening bank accounts for Bitcoin-related businesses can become a difficult task. The specificity of this market means that just a few countries are ready for such financial innovations and just some of them allow opening accounts for that purpose.
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Major cryptocurrency exchange Poloniex announced that it now allows its users to use credit cards and bank accounts on the platform.
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Crypto lending company BlockFi has lowered the interest rates for their biggest cryptocurrency deposit accounts.
5199 Only 27 out of 100 banks got ‘Honor Roll’ status during the online security test by OTA which means less than half of top 100 banks in the US scored the acceptable rating of 80% when it comes to security.
9635Finnish law will enable citizens from any EU state to open a dinosaur bank account Finland from January 1, but information-sharing could mean this is a mixed blessing.
1200US-based consumers are faced with substantially high overdraft, monthly, ATM and NSF fees. Storing money in bitcoin wallets is by far a safer investment method for any traders, investors and consumers.
505Bank accounts for RT News in the UK have been arbitrarily closed. Bank account closure is becoming common in Europe, but Bitcoin cannot be centrally shut down.
427Hundreds of thousands of Greeks have lost their hard-earned savings to government seizure this year, exponentially more than in previous years. Time to get some Bitcoin!
7260Sweden’s largest dealer in gold and silver just got a nasty surprise from the banks in the form of their account being shut down. Time to ditch the old financial system and use Bitcoin?
1142British banks have turned down 6 million people access to banking services over the past two years. Bitcoin would allow all those unbanked access to valuable financial services.
1648Australian Bitcoin exchange CoinTree announces a new option that will allow users to make recurring Bitcoin purchases from their standard bank account.
603George Osborne, the UK's Chancellor of the Exchequer, has to resolve the problem of getting a bank account in the United Kingdom for Bitcoin-related companies.
867This list of 10 reasons for someone to get started with Bitcoin should help the new-to-intermediate user of Bitcoin get a better understanding of how Bitcoin and its ecosystem will work in the real world as we go forward.
1454Bitcoin and other cryptocurrencies are for the unbanked – and those who'd like to become unbanked.
18111A new service by Living Room of Satoshi allows Australians to send BTC funds direct to a bank account in a single transaction.
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