Just days after Coinbase announced the removal of support for Zcash for UK customers, reports suggest the cryptocurrency exchange is parting ways with banking mainstay Barclays. Sources familiar with the matter told CoinDesk that Barclays is no longer working with Coinbase. Its unclear if the sources are representatives from either of the companies mentioned, or are independent. The news has caused undue disruption, and Coinbase users have reportedly been indirectly affected. Coinbases relationship with Barclays gave its UK customers access to the Faster Payments Scheme which allowed users to directly deposit and withdraw sterling into their exchange accounts. Coinbase has… This story continues at The Next Web

More Stories

Crowdfund Insider: Sunday August 18, 2019

FinCEN Director: Casinos Must Report Suspicious Transactions, Including Suspect Use of Cryptocurrencies

America's federal financial crimes enforcement agency, FinCEN, has noticed "a gap" in the reporting of illicit use of cryptocurrencies at casinos and car

Crowdfund Insider: Sunday August 18, 2019

Future Fintech: The Fight for the Digital Banking Crown

As 2019 moves into its third quarter, the once burgeoning industry of digital banking is starting to make serious waves in the financial world - and investors

Crowdfund Insider: Sunday August 18, 2019

Bakkt Clears Regulatory Hurdles, Plans to Launch Physically-Settled Bitcoin Futures This Fall

Bakkt, a subsidiary of the Intercontinental Exchange (ICE), has announced it has received necessary permissions from the CFTC and the NYDFS to launch its "inst

Crowdfund Insider: Sunday August 18, 2019

Circles Crypto Exchange, Poloniex, Delists 23 Trading Pairs Citing Low Volume

Poloniex, the cryptocurrency exchange owned by Circle, a Boston based payments-app-turned-multiplatform-crypto-company, has announced it is "removing 23 tradin

The Next Web: Sunday August 18, 2019

Facebook should stop trying to disrupt payments with Libra and focus on repair

Regulators typically look at companies intentions and previous compliance when they enter highly regulated fields - which doesn't bode well for Facebook.

Crowdfund Insider: Sunday August 18, 2019

Santander Still Banking Coinbase, Barclays Out, Clearbank Steps In

Coinbase, a large, US-based cryptocurrency trading platform, experienced a shake up of its UK banking services this week. On Wednesday, an anonymous "rBitco