Coinbase UK Regains Access to FPS, Adds Support for XRP, XLM and Others

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Coinbase Earn adds Stellar’s XLM to list of Cryptos to be Earned on Learning Platform
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According to an announcement on the official Coinbase blog, the exchange has now unveiled full support for five more digital currencies, in addition to all other assets supported.

Now, thousands of Coinbase users can now receive, trade, store, sell or buy any of these assets, with fiat from their GBP wallet, which can easily be funded either by using a GBP bank account or via debit and credit cards.

The assets include Basic Attention Token (BAT), 0x (ZRX), Augur (REP), Stellar (XLM) and Ripple’s XRP as well.

A few months ago, it was announced that the partnership between Barclays and Coinbase had ended and the bank will stop providing financial services for the San Francisco-based crypto exchange.

Because of the nascent and volatile nature of the cryptocurrency market, exchanges usually find it quite difficult to strike deals with banking institutions. In March 2018 however, Coinbase inked a deal with Barclays, news which excited the cryptosphere at the time.

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More than a year later, it is said that Barclays developed cold feet and decided to pull out of the deal for reasons best known to it.

Coinbase quickly found a replacement in ClearBank, but the end of the Barclays partnership seemed to put a small dent in the Coinbase business. This is because, through Barclays, Coinbase had access to the U.K. Faster Payments Scheme (FPS), which supported instant deposits and withdrawals of the GBP.

After Barclays pulled out, the process began to crawl and what used to be settled instantly, began to take days to complete. Through ClearBank, Coinbase once again has access to FPS.

The announcement further notes that the addition of these assets helps Coinbase fulfill its aim of financial inclusion.

“Adding greater support for even more assets brings us closer to our long-term mission to help bring economic freedom, innovation, and equality to everyone, everywhere.”

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