WireX bank account

(john) #1

Something worth keeping an eye out on:

They will be offering a real bitcoin account with a UK account and sort code.

Also another Crypto Service specrocoin is in the process of starting a new service:

They reported to have raised 100m euros and have purchased a bank to obtain a banking license.

(Nick Miller) #2

Given how expensive it is for transaction processing on BTC and many of the clones, and how the value of Crypto Currencies are dropping, it feels like it’s not a good fit for a regular bank account.

As an example a single transaction was costing over $12 USD to process! No bank account would be acceptable with account fees like that.

I think it’s too early for businesses to be getting into the Crypto banking space.

(john) #3

Nick, correct.

You do know there are other digital currencies, such as litecoin and dash slowly increasing in popularity.

(john) #4

Just point out Wirex have now starting to issue the following to their BitCoin service

  • UK Account Number/Sort Code
  • Swift Code
  • VISA Virtual Cards for spending the bitcoin
  • Physical cards to be issued in a few weeks