The cryptocurrency exchange Coinbase added the possibility of input/withdrawal of the British pound (GBP).
As noted in the company's blog, thanks to cooperation with the service Faster Payments, customers from the UK can now carry out almost instant operations with GBP.
According to the head of Coinbase U.K. Zeeshan Feroz, the new system will replace the old, according to which customers had to convert cryptocurrencies in euros, and only then into pounds. It usually took several days.
Faster payments will benefit all UK customers, enabling almost immediate transfers. This is essential for Coinbase Pro and Coinbase Prime customers in particular who will now be able to transfer funds quickly. Coinbase, Coinbase Pro and Coinbase Prime GBP support is now live for some of our existing customers, and we will continue rolling this out to all UK customers in the coming weeks.
CEO UK, Coinbase
Earlier, thanks to the partnership of Coinbase and the startup WeGift, customers of the American company will be able to convert cryptocurrencies into gift certificates.