Gemini crypto exchange has announced that it has enlisted the help of renowned crypto payment processing outfit, BCB Group to provide payment facilitation on its platform in the United Kingdom.
The Winklevoss twins owned crypto exchange recently made their entrance into the United kingdom crypto market about a month ago will be aiming to make payments easier. In their statement, the firm said they would hope that the new partnership with BCB Group would provide their United kingdom customers with seamless, easy and fast payment facilitation. Furthermore, the firm said their collaboration would bring about a simplified and easy method of depositing and withdrawing the GBP on the platform.
Gemini set to provide a comprehensive list of deposit and withdrawal options to its clients
With the firm set to kick off their partnership with BCB Group, it will be about an instant reflection of transfers across the United kingdom. An official report from Gemini’s spokesperson revealed that the crypto exchange would make different deposit and withdrawal options available to all their customers all over the country. The three major methods that the crypto exchange is presently looking at is via Faster payments scheme, CHAPS or SWIFT transfers. The firm also confirmed that its customers that wish to link their debit cards to their Geminin account would be afforded that opportunity.
Giving his statement to reporters on the development, Gemini crypto exchange spokesperson said, “Our integration with BCB Group’s API specifically enables us to streamline the steps involved in processing these wire transfers into and out of customer accounts.” This latest development is coming off the back of the recent news about Gemini crypto exchange extending their operations to the United Kingdom. The crypto firms announced that it got the full approval from the FCA as a crypto firm after it secured the Electronic Money Institution License in the country.
Gemini crypto exchange ventures into the UK market
To facilitate their full approval, Gemini crypto exchange was said to have undergone major tests and examination to prove their credibility. The crypto firm was also said to have shown that they will act in accordance with the Anti Money Laundering (AML) and Counter-Terrorism Funding (CTF) acts. With their partnership in with BCB Group to facilitate faster payments, Gemini would automatically endear itself to crypto traders and enthusiasts who have always clamoured for this feature, putting itself in line for generous patronage.
Reacting to the partnership with BCB Global, Blair Halliday, Geminis chief compliance officer in Europe said, “We are excited to be working with BCB Group to ensure that Gemini has secure access to real-time settlement infrastructure, enabling us to integrate with our banking partners. As an authorised payment institution with deep expertise in the digital asset market, BCB is an excellent partner for us.” BCB Group, on its part, is a payment facilitation outfit whose main aim is to provide its unrivalled services to companies around the globe. Presently, BCB Group provides payments services to firms in the region with Coinbase being one of their most vital partners.