LONDON, March 14, 2018 /PRNewswire/ --
London Block Exchange (LBX) - the UK's only dedicated multi-cryptocurrency exchange - has today confirmed that it will offer its members access to the Faster Payments system.
The Crypto Payment Account will give users of the exchange a trading account, making the transfer of GBP to digital currencies (and vice versa) seamless.
A watershed moment in UK crypto history, this will be welcomed by the thousands of active cryptocurrency advocates.
Furthermore, users will be able trade with confidence, knowing they have the associated security and protection that comes with UK banking involvement, as well as having their crypto assets tied into London, the world finance centre.
Premium and pre-registered LBX members will be first to be offered these accounts - with openings starting today.
On-boarding will be phased on a first come, first served basis and is expected to take a number of weeks for most applicants, given the thorough KYC and AML (anti-money laundering) processes that LBX prides itself on.
LBX Founder and CEO Benjamin Dives, said:
"We are creating a service where all steps of the cryptocurrency investment journey are seamless and straightforward.
"Crypto enthusiasts have been long calling for this, but equally, new customers will be able to find in LBX a grown up, reliable and comprehensive service that they can trust. It's just another step in cryptocurrency's maturation in the UK."
LBX has confirmed these details as it begins beta-testing its trading app, after launching in late 2017 with over-the-counter trading (£25k+).
The London Block Exchange is the first multi-cryptocurrency exchange dedicated to the UK market. Based in Canary Wharf, LBX provides a credible, safe and easy exchange for consumers and institutional investors - delivered via its online platform and app.
This is underpinned by educational content, bank-grade security and solid governance, with four cryptocurrenciescurrently available for trade with more to be added each month.
London Block Exchange (FRN: 902014) is registered EMD Agent for e-wallet functionality by the Financial Conduct Authority under the Electronic Money Regulations 2011.
SOURCE London Block Exchange