Coinbase stops accepting deposits from Nationwide bank

The users of Twitter and Reddit have noticed that deposits from Nationwide bank to Coinbase are not working, and Coinbase published a statement that those deposits are no longer accepted
08 January 2018   2558

Nationwide Building Society is a British mutual financial institution and the largest building society in the world with over 15 million members with headquarters in Swindon.

It was announced on the official website of Coinbase that they will no longer be accepting deposits from Nationwide Bank. That decision may be linked to Nationwide’s SEPA payment processing, which is maintained by Germany’s Commerzbank, which have been associated with a company's policy of refusing to deal with transactions related to Bitcoin and cryptocurrency.

Earlier, Nationwide Bank’s correspondent bank for SEPA transfers Commerzbank has stated no longer allows transfers related to Bitcoin.

Coinbase Nationwide bank statusCoinbase status towards Nationwide Bank

Previously, we have reported that Coinbase was undergoing major issues in the end of November, and that Coinbase' insider trading evidence was unveiled in the end of December 2017.

Coinbase to List Stellar

As reported, at first, the coin will not be available to residents of the UK and the state of New York
19 March 2019   193

Wallet and mobile applications (for iOS and Android) from leading American cryptocurrency company Coinbase now support Stellar Lumens digital asset (XLM).

Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems and individuals quickly and reliably. Since its launch in 2014, its vision has been to unite the world’s financial infrastructure so that money can flow quickly and cheaply between banks, businesses, and people. The Internet connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money.

Coinbase Team

The new asset is available to users from most jurisdictions. However, at first, the coin will not be available to residents of the UK and the state of New York.