Blockchain.com is adding a British pound (GBP) gateway to its cryptocurrency exchange, The PIT, as it prepares for Britain’s coming separation from the European Union, or Brexit.
Announced Thursday in a press release, the addition will utilize Britain's Faster Payments Service (FPS) to let Blockchain.com’s U.K.-based users buy cryptocurrencies almost instantly.
The company framed its dual announcement as a bet on Britain at a tenuous time. With Prime Minister Boris Johnson’s recent landslide victory all but ensuring Brexit by Jan. 31, the nation is streaming towards an uncertain future.
That uncertainty, Blockchain.com said in the release, coincides with a surge in British interest in its site.
"As the country we've called home for almost a decade undergoes considerable changes, it's imperative for us to provide the British people – our friends and families, co-workers and countrymen – new options to insulate their financial futures from the political scuffles that have destabilized the country's economy,” Peter Smith, co-founder and CEO, said in a statement. Read More...