Purchasing Bitcoin in a convenient manner all around the world is still one of the major hurdles to overcome for this disruptive digital currency. Pending regulatory decisions across the globe make merchants wary of what Bitcoin can mean for their business in the long term. But a recent partnership between UK-based exchange CoinMate and payment provider MoneyPolo could shake things up quite a bit.
United Kingdom Still Holds Advantages For Bitcoin Companies
Operating a Bitcoin company in the United Kingdom is a double-edged sword at times. Finding a reliable banking partner to help a company in its startup phase is nearly impossible, as most of the major banks will not take on Bitcoin customers. However, some of the smaller banks may be more favourable towards the aspect of digital currency, yet it will always remain a struggle in the initial phase.
This is in stark contrast to the UK’s rather open policy towards Bitcoin and other digital currencies. In fact, the United Kingdom is one of the most transparent and proactive regulations on the topic of Bitcoin. Contrary to other parts of the world, such as China, the United States and Canada, the UK openly