Home Headlines Barclays Will Not Accept Bitcoin as Payment into Bank Accounts

Barclays Will Not Accept Bitcoin as Payment into Bank Accounts

Justin OConnell
Last Updated March 4, 2021 4:45 PM

Leading UK Bank Barclay has denied it will accept Bitcoin later this year as reported in numerous publications including The Sunday Times and Ars Technica.

The report stated Barclay’s would work with an un-named Bitcoin exchange and that, at first, only charities would be able to pay bitcoins into Barclays accounts. However, CCN.com received an email from Barclays regarding the reports, and the bank promptly denied any such plans.

“Barclays is not accepting or holding any Bitcoin as some outlets have suggested,” Barclays’ Candice Macdonald, Vice President of Group Media Relations, wrote. “No Bitcoin is traveling through Barclays systems.”

We are working with some charity clients in a proof of concept to understand how Bitcoin payments might help with their fund raising and fund disbursement needs

Barclays is a universal bank with retail, wholesale and investment banking operations, along with wealth management, mortgage lending and credit cards. The bank’s origins are in a goldsmith banking business in the seventeenth century. Today it is the 22nd-largest company of any company with a primary listing on the London Stock Exchange, with a secondary listing on the New York Stock Exchange.

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