Cryptocurrency businesses that have faced difficulties in securing banking services in the UK now have a new option. LBX has launched a new service offering access to an account where clients can store, manage and transfer both their fiat currency and cryptocurrency holdings.
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“LBX Pay” Is Targeted at Crypto Businesses
The service will allow its users to manage all balances, trades and payments – including those to third parties and batch payments – through the same app. And the company adds that for those with greater volumes and demands, there will be flexible access to LBX’s OTC desk and, from Q1 2019, access to an API linked directly to their account.
Segregated Bank Accounts
LBX was opened in November 2017 for OTC trades. In addition to UK banking, it is also an e-wallet services provider registered with the UK’s Financial Conduct Authority and follows rigorous KYC/AML protocols. Earlier this year, LBX added support for trading bitcoin cash (BCH) against the British pound .
What are your thoughts on LBX Pay? Share your thoughts in the comments section below.
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