Rapid GBP transactions, both deposits and withdrawals, now available for Bitpanda users based in the United Kingdom
Bitpanda, the popular European digital asset platform, has announced the integration of the Faster Payments service provided by ClearBank. This integration aims to make transactions with British Pound Sterling (GBP) quicker and more cost-effective for Bitpanda users.
With the Faster Payments service, users can now deposit and withdraw GBP via bank transfer directly to and from their Bitpanda account. The service, offered by ClearBank, is faster than previous methods, with payments processed almost instantly. Deposits and withdrawals should arrive within a maximum of two hours.
ClearBank, a UK-based clearing bank, offers banking services including Faster Payments. Bitpanda introduced the ability for users to perform Faster Payments transfers to and from their UK bank accounts in GBP via ClearBank back in 2021. The Faster Payments service is exclusive to GBP transactions.
As a result, deposits and withdrawals of GBP via bank transfer through Bitpanda are now completely free of charge. This move is in line with Bitpanda's goal of bringing investments to everyone and improving their services for existing users.
The new service allows Bitpanda users based in the UK to transact with GBP more efficiently. Bitpanda continues to grow and expand, with plans to reach more regions within Europe.
For more information about Faster Payments, please visit this link.
In conclusion, the integration of the Faster Payments service by ClearBank is set to revolutionise GBP transactions on Bitpanda, offering users a faster, more cost-effective, and convenient way to manage their investments.
