Kraken partners with PayCash to resume USD deposits, adds GBP trading

Kraken is resuming USD deposits again thanks to its partnership with Luxembourg-based payment processor PayCash. With the partnership, the exchange will also accept GBP deposits and add a BTC/GBP (referred to XBT/GBP on Kraken) trading pair.

Kraken indicated that it is the only major exchange to offer a dedicated XBT/GBP order book. Recently, Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term vault service Netagio also launched GBP-denominated trading, but the company still has a ways to go in growing this area of their business into a major full-fledged exchange.

Kraken ceased USD deposits earlier this year after what it said was its banking partner's inability to handle the volume Kraken required. Even while the USD deposit option remained on hold, the USD-denominated trading pair continued.

Until now, the only fiat-denominated deposit option for clients had been with euros. With a lower level of verification, deposits can be made with digital currencies.

It was important for the exchange to have a solid relationship with its payment partner and avoid the complications faced by other exchanges who have had their accounts unexpectedly closed by their banks in the past. Said Kraken CEO Jesse Powell:

"Our clients have asked about this since we stopped servicing USD, and we are proud to say we are making good on an old promise. We have spent eight months looking for a strong partner, one with compliance capabilities, regulatory oversight, Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term expertise and a technology focus. We have now found the right partner in PayCash.

Kraken currently owns 0.3% of global bitcoin trading volume, according to figures on bitcoinity.org, which also indicate that China's three major exchanges command 77% of the market.