Coinbase reinstated quick payment system for UK customers

Coinbase UK Bitcoin Exchange customers have again gained access to the Fast Payment System (FPS), reports The Block .

In August , London-based Barclays, an international bank based on unknowns, stopped serving Coinbase accounts. As a result, the exchange lost access to FPS and its users lost the ability to instantly deposit and withdraw British pounds.

However, thanks to a partnership with ClearBank, the option was restored after a three-month break. Zishan Feroz, CEO of Coinbase UK, noted that the company's institutional and retail customers can now deposit and withdraw funds within 60 seconds.

Recall that recently Coinbase, Kraken, Circle and Bittrex launched a system for assessing the compliance of cryptocurrencies with securities.

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