Crypto Wallet Firm Cryptopay Launches UK Bank Transfers

By Mark Lemon – Cryptocurrency Dealer

Cryptopay, a debit card service and crypto wallet company, has now introduced Great British Pound (GBP) transfers via the Faster Payments Scheme (FPS).

Cryptopay made the announcement in a recent Cointelegraph news release on October 9, elaborating that its United Kingdom-based users are now able to send transfers to their account and also make withdrawals in GBP while preventing Euro conversion charges. This gives them better value when buying Bitcoin (BTC), but you can still get the best value to buy crypto UK through our platform.

It was explained that all users will get a sort-code and account number, allowing them to make transfers bearing their own name. This is key as many banks have been known to prevent crypto-related transactions.

Introducing New Services and Expanding to New Territories

Now, Cryptopay is already working on its European card program whilst starting the distribution of prepaid cards in Russia. At the end of 2019, the company is planning to introduce more services including the ERC-20 tokens wallet and exchange and a BTC brokerage. Don’t forget, we’re already the UK’s most Trusted Bitcoin broker to buy Bitcoin UK.

In January of this year, it was announced that Visa had ended its working relationship with debit card provider Wavecrest, which also affects the products provided by Bitwala, Wirex, and Cryptopay among others. This move was first seen as a massive crackdown on crypto services; however, it was later revealed to be terminated due to WaveCrest’s violation and continued non-compliance of Visa’s policies.

You can already buy Bitcoin UK over on our platform along with a huge list of ERC-20 tokens so check them out!

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