London Block Exchange Gives Users Access to the Faster Payments Service

[kreslik.news]

Today, London-based cryptocurrency exchange platform London Block Exchange (LBX) confirmed that it will offer its clients on-shore accounts and access to the Faster Payments Service (FPS).

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In the UK, the FPS is a payment-clearing scheme for electronic sterling payments, an initiative taken by banks to overcome the three working day clearance mechanism of the long-established BACS system. With the FPS, the electronic payments arrive at the recipient bank on the same day – as long as both the sending and the recipient banks are participating in the scheme and ... (read more)