Online bank WB21 now accepts Bitcoin for transfers and deposits

Online bank WB21 now accepts Bitcoin for transfers and deposits

Online bank WB21 Group Holdings SA has announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts, making them the first registered bank to do so.

WB21, for those not familiar with the company, is a London-based digital bank with an office in Palo Alto, CA that provides online deposits and payments, including cheap cross-border payments which has 650,000 customers dealing in 18 currencies and is available in 180 countries.

The company will be using BitPay, Inc. as its payment processor, and it is likely that customers will be able to deposit Bitcoin into their WB21 accounts with zero confirmations meaning they will be able to access their deposits immediately.

“A bank accepting bitcoin is quite unusual, however it makes total sense for us and provides huge benefits to our clients,” WB21’s Founder and Chief Executive Officer Michael Gastauer Read more ... source: TheBitcoinNews

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